RE:RE:What if's...Valuation, SP & Outcomes.The articulation is based on the enterprise, not just ALY. The correlation you depict whereby Intesa 'owns the accounts' against 'equity leverage' makes zero sense.
There is little hope of the scenario occuring where Intesa would buy the 49% ALY owns. If any, or all, of the scenarios I have previously described occur, ALY shareholders would be rewarded tremendously for their patience.
Intesa is a bank and the MW enterprise is a fintech/AI firm which also owns the technology, whether that be by way of a SAAS solution or an advanced product such as IP.