My iCar Synopsis. The business is improving by all metrics,...

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    My iCar Synopsis. The business is improving by all metrics, real burn rate of ~$1.1 a quarter so cash on hand til Q4 and an $11 mil loan facility in place. Spent $100k on deal due diligence telling the market they are trying to get this done. Results should support the share price around these levels and demonstrate to autohome improving value. It’s a hold for me. @stocking, agree re debt usage but I assume the burn rate & required funding are a known and priced into the deal. If Autohome closes the deal they can manage costs, drive synergies but still need to turn it around and that takes time. So maybe not as big an impact on price.

 
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