OTCPK:LQSIF - Post by User
Post by
Pat123on Oct 08, 2021 10:42am
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Post# 33988397
The offer is way too low...I'm voting against
The offer is way too low...I'm voting againstFacts: 6 months ago Alcanna sold 19 non performing stores for $80M. They still have 170 stores including the big Wine and Beyond. By doing straight math, we are taking almost $700M.
In addition, Alcanna has 63% of Nova. 63% of 240M (market value) ...another ~150M
Alcanna has $99M in inventory that is already paid.
$38M in cash - No debt
Based on the above, we should reject that offer $346 without a doubt.