Yeah, I've been saying this since it took off, i.e. it would be...

Yeah, I've been saying this since it took off, i.e. it would be unusual (though not impossible) for what is essentially a shell, to rise much above an EV value of $10M. It's a tradeoff between executing on what would normally be a sound strategy versus holding-on until momentum leaves the stock, which clearly hasn't happened. I saw other opportunities that I thought had better risk/reward at thus stage but it does look like going higher and a trailing stop loss will help ensure you don't get done over by a sudden dump.