The problem is SABA still has not gotten there accounting strait for 2005-13. When the stock was delisted the hedge funds swarmed in and bought all the stock they could. Lots of changes in management. No news on any new clients. They renewed there line of crdite with Wells and got another $40 mil from someone else.
SABA Again will try and report the correct accounting data to get relisted. They clearly are ripe for a buyout. They have 11 million members and good clients. The stock will be relisted soon
All I can tell you is that I work for a Fortune 500 company who has used Saba software in HR for a few years. It is absolutely the worst business software we have ever used, and we are dropping Saba like a rock this November. Saba's product is so bad that it has proven to be a huge drain on productivity, and is clearly developed by people who have no contact whatsoever with end-users. I can't imagine any company in their right mind choosing this software.