The $60M transaction announced this morning is worth $1.26/share and removes any near-term financing overhang. We will see OPTR move after today's analyst meeting.
They should have around $180M cash now following this sale. Put a 5X multiple on their revenue run rate, and it is clear OPTR is undervalued. They reiterated profitability in less than 2 years.
Transaction will never close. No way is Obi valued at $150M. If it does, poor saps who buy. My money is betting against. The cash still is chup change given the current systemic problems with FIDO and OPTR, buyer beware!