1. an 'arms length' party has purchased the SMR from Nuinsco for $5.1 million.
2. But CVY have a buy-back option over 66% of that for $2 million? there has been no ann that CVY have waived this right, so we have to assume CVY can still exercise it.
3. 66% of $5.1 million is about $3.4 million.
4. which raises this curly question - why would this buyer pay $3.4 million for something that is subject to a call option for $2 million? Ie, an instant $1.4 million loss to the mystery buyer could be triggered by CVY next week?
your post offers no explanation at all for this apparent commercial madness.
if you have a more credible explanation than a t/o explanation lets hear it.
CVY Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held