Hey T&P. I also hold a substantial number of OE's in my portfolio. For mine, I think the consolidation can make the new strike price target of $4.01 more achievable. A tighter share registry and significantly reduced SOI means gains may be more likely to be sustained. Any northward re-rate, consolidation or not, will require substantial data updates and/or commercial news. With 15 months still on the clock I am cautiously hopeful but my optimism for the company has taken a pretty big hit in 2025.
If the company does nothing, the slow bleed will continue. At least they are trying something. I think there's a higher likelihood of a consolidation to facilitate capital raising than something more special. I hope I'm wrong but I suspect this is a necessary move to raise cash to keep the company afloat.
Good luck to all holders.
IMU Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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