My humble understandingIn all this current drama, I think the two lenders, Farm Credit Canada and Export Development Canada, due to their social mandates, will do everything in their power to save Merit.
Burcon is in good position to take charge of this facility.
Moreover, If an single industrial agreement is in the process with a new major partner, like the new CEO said, BU share price will experience a major reversal.
BU ,even with all their problems, is a good risk now at .255 $