"no party has engaged with ResApp with regard to evaluating or providing a competing proposal"
The only realistically possible catalysts that could provoke a competing offer at this point are:
- Somebody might launch an offer at around 20c/share IF they have $200 million sitting idle in the bank, AND the independent expert's opinion provides enough evidence to represent a first-cut due diligence exercise.
- The quarterly report due out at the end of July is staggeringly good.
I don't see much of a likelihood of either happening.
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