Buy outHi Folks, I've been a long time holder, bought in around 8 years ago and have been holding/hoarding since. I've also been lurking this board for a while and finally decided to join up.
I've seen a lot of you arguing whether a buyout is coming or not - that long holds not being willing to settle for anything less than $0.20, with others saying that can never happen because of how many shares kwg has out here; the cost would be greater than the buyout of Noront, which wouldn't be worth it to anyone.
I think I'm on team buyout though, as the price seems to be suppressed at .03. If someone is looking to force a buyout wouldn't they just keep squirrelling away as many shares as possible at .03, then attempt a buyout once they've accumulated enough? 500 million shares at an average of.03 is only $15mill. That would mean offering a share price of .20-.40 would only cost $100-$200mill to eat up the majority of common shares, well under the $650mill paid for Noront. I'm sure there are other strategies to bring the cost down for said mystery buyer too, but it would make a buyout more likely as many of the holders would be more happy to release their shares for a price of .30+.
This is fast math and I'm only counting common shares, but does this make sense? Am I missing something here? I'm wondering if this could be a potential scenario happening.