They might have been planning to buy TTNP but were waiting for the approval. It would be business to buy out TTNP if you are selling their produt. Whay pay royalties
It seems that there are BUYERS for millions of shares at 2.16 or better. This company I always feared was wiorthless yet if hedege funds are buying this stock in the millions it is not going to be worthless. I assume they have to lower the 2.25 conversion to 2.00 0r maybe 2.15 but once they become a company with a business, the stock will go up to probably 3.00 but at least 2.50 so we just need them to make the deal for better or worse.
If KKR does not make at least a lousy deal they will have to close their shop as no one will do business with them again. A deal will soon be made and the stock will be worth more than the 2.34 ir closed today