Ann: K2fly Appoints Financial Advisors for Strategic Review, page-6

Not sure why there's so much negativity following this, it's seemed like a forgone conclusion for a bit of time now. The communication from the company seems pretty explicit in that it means to find a solution that creates value for shareholders and the company seems pretty disillusioned with how the market is valuing K2F.

Maptek stumped up $1M at 10c, no doubt to bring their average price down and get a profit out of whatever takeover/merger results. Will be interesting to see if it's Maptek themselves or another group but can't see this going for anything less than a 3-4 multiple of ARR which would put us nicely in the 15c-20c range.

I've averaged down myself recently and will continue to do so if the SP stays around this level - from the way the announcement is worded, I'd say the company is already a fair way along the process and wouldn't be surprised if something was formalised very early into 2023.