This net-net nanocap is being acquired, and the deal spread is huge (but complicated)

A special situation for tiny accounts.

In this merger arb investment, you're paying $1 for what I believe is $1.50 of potential value ("potential", as this is riskier than your usual arbitrage case) in a deal that could close within weeks. The contingent, annualized IRR toward completion—largely uncorrelated with the market—could be off the charts.

It's also a levered turnaround case post-merger, so should things work out for the surviving entity, this could multiply your $1 a couple of times over during the next few years.

The downside in the case of an unlikely deal break is sort of covered since the stock is a net-net trading at 73% of net current assets, and the board would be working toward other ways to unlock the underlying value, including a potential liquidation.

This stock is for tiny accounts only. $10-30k of volume changes hands per day. It's overlooked. That's why you get the opportunity.

Let's dig in.