Fantastic risk/reward Book value per common share at the last quarter (April 30) was $14.88 and with today's announcement as a result, we close at $14.81, i.e. still below own P/B. I think this risk/reward with full confirmation of the acquisition in US is a great opportunity. Remember that at the beginning of the year the CEO said that it had around a dozen interesting partners for POS in the US, which by March had grown to 30 potential interested partners.
The CEO has hinted at previous investor presentations and quarterly Q&A this year that he received valuations on DRT Cyber up to $100 M (CAD or USD was not disclosed) already this year. Continues to claim that the plan is to spin off the asset in the future as it is not a perfect regulatory fit to have this fantastic asset and free option in a cyber security company under the wings of a fintech/bank. The belief is also that they can grow stronger independently.