The have 10.5m of borrowings against the RKN shares. Needs to be factored in. And cash will be lower now, as more time has ticked on.
so that $6.5m is probably around $20m in reality. But still agree with the general sentiment, very cheap.
others such as Tyro and EML bouncing back strongly from los. Nov will also in time. Just needs a catalyst.
No party, page-318
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