Do the maths. It cannot go lower without a consol. Why spend money when it is tight on consol? They have cash to continue provided they cash in their shares. If EUR goes up, value in shares will exceed EV. Forget Tony. The guys running the show are experienced IO guys that are running on a salary far less than could ask for. Their reward are their options. The options expire in Dec 24, 25 and 26. The reward greatly outweighs the risk. And if you sell it will only be for 0.001 when you get to the front of the queue. Go figure.
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Do the maths. It cannot go lower without a consol. Why spend...
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