Amarillo Spinco for $4 million

Amarillo is being bought out for 40 cents cash. Trades at 41 cents. That values the assets being spun out at $4.07 million based on fully-diluted outstanding shares. Seems like a deal, but I haven't investigated it and have't taken a position beyond what I already owned. Risk is the deal doesn't close.

Update: I should add, another risk is there's no info about a U.S. listing. It would be risky to buy on OTCBB if it takes a long time for a listing, or one never comes. I think one would follow at some point, but it's another thing to consider.