FIO EV only $845mil, Virident acquired for $685mil (or 6x sales)
FIO sales = $432mil
$432mil x 6 = $2.5bil ($25 PPS)
Shorts are underestimating upside potential by a landslide (which can bury them any day - tomorrow, next week, next month, next year). Even the most draconian valuation for FIO looks extremely painful for traders holding short positions at this level.
Just rumors of an investment bank hiring and certain potential buyer interest will send shares up another 25% from here. Look what happened to VPHM just minutes ago.
The 40% short interest is sitting on a powder keg.