Post by
Acura001 on Mar 21, 2022 4:39am
Good Partnership / Merger
It was posted multiple times that a partnership / merger with some companies in Oregon (western US) is in the works. This would create a stronger company with some $$$ to sustain operations and with a $100,000,000 Revenue figure.
If we look at the Oregon market, the company that comes to mind would be Nectar Markets LLC. In 2020 they recorded revenues of $62,000,000. Combined with IONC 20M to 25M, you would have that magic 100M.
I would like to see an all out cash buyout for IONC shares and absorb it. It wouldn't be out of this world to see a $10,000,000 all out buyout. This would be bargain at 1/2 of current sales. Share buyout could be in the 5 to 10 cents range. A major premium and potential 10X bagger for anyone in at recent prices.
All in all, IONC is obviously undervalued because of LOBE / Cowlitz agreement. This provides IONC a false reflection of its true value. I believe something big will happen before April 15th. Keep your shares close. They might be worth lots more soon.
Comment by
LongTbuffet on Mar 22, 2022 3:51am
I would say a deal is very close to be finalized. The CEO was extremely positive 2 weeks ago and now silent. They have $34,000,000 in assets and current market cap is 1M. Something positive will come out of it.