A very strong chance of a positive conclusion to the reviewThe chances of this strategic review process closing favourably are very high (75%+). A key driver for this is NEO’s privileged position in a critically important industry and the company debt free structure. The combination of these two factors introduces a very large spectrum of potential corporate and financial buyers. The expansive pool of potential buyers means that NEO will benefit from a healthy bidding process from a large pool of well-funded buyers. The way the stock has been trading since the announcement of the strategic review is another indication that the market believes in a constructive outcome. My guess a deal in the $15-$18 range by Q1/25 at the latest is highly likely.