RE:My 2 centsThe HKEX listing will unleash that value, plus add more value via spin out the Canadian management team with intent to acquire advanced assets in Australia and Canada.
A back up to the HKEX / IPO would be the London AIM Exchange which is most suitable for IPO in the $40 million range .
From application to listing is about 2 months and volumes are robust.
In the meantime, Majestic will add about $20 million in free cash flow to the balance sheet per year, which can be used to pay a $0.02 dividend..