The story is not holding up here. Nothing whatsoever has been happening in what is supposed to be a deal and monetize the NOL's while interest income keeps us in the black. Somebody is making money off of this just not us, and the shareprice movement is reflecting that. This really has little to do with market trend, other than people are probably reflecting on non performing investments of any kind. This is dead as a crowbar.
Kind of funny how negative you are on this. Though disappointing in this environment and with this liquidity a couple of people bailing is all it takes for this price action.
I would suggest you look at FSS and the news releases etc. Kanders is a 5.7 pct shareholder now and actively seeking a CEO role (which is vacant). Look at their target ebitda market cap and general sweetspot they list on their website. My guess is this is a direct target. And if Kanders becomes CEO without a deal in place to capitalize this copmpany to reduce debt (in other words CLRS) I would tend to agree with you and be pissed.
This is a steal here .. though annoying if you are long to see it trade anywhere below 6.