Haha. Yes. They say religion is the last refuge of a scoundrel. In HC terms, "Takeover imminent" is the last refuge of a bag holder. Lols.
Back in 2017, as far as I remember, the board declined a handsome investment proposal of some 40M bucks as they wanted to explore more opportunities. I guess the people at the helm of their affairs are expecting higher price which they are not getting. With so many things in the pipeline and active product on the shelves, and recent CR of 20M at 67c, I can't get my head around at this 50M MC only. It should at least have 200M MC. I tend to believe that somebody big is brewing in the background.
IMC Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held
