I'm inclined to think that the directors of MLI are probably organizing a management buyout to privatize the company and eventually delist the company.
Looking at the market capitalization - about $50 million - and being obviously aware that MLI is severely undervalued (real valuation should be more like $110 million) it would be sensible on their part to organize a privatization of the company.
The company is cash flow positive and I reckon the directors are probably negotiating a big loan to do the buyout.
Anyone agree this is likely?
possible management buyout
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