since the spread is so large usually and the volume so thin, it is impossible for anyone to make money trading on news in this stock. This stock is like a roach motel: you can get in, but can't get out (at least for now that is)
While it is true that as a short term trader, you will have trouble operating in this environment, the equity has clearly demonstrated solid runs up, interrupted by drops on non-significant news. Each of these cycles have yielded plenty of up and down opportunity, and I will say that you could reasonably have doubled your money over the last years -- twice.
The key is to understand that this is not a short term (as in swing or day) trade, but rather an investment (or trade) with an indeterminable time-horizon.
Of course with the volatility/volume profile of today all bets are off (as it is for any other equity,) but ultimately this is a $500 million company with strong margins. No amount of letters back and forth between lawyers is going to change this, I think.
Hey how's that opportunity to make 25-50% in a couple days working for you? (Your words) So it should be at around $2 or more now?
Great call! Your crystal ball needs a little Windex to clear it up a little for you. Or maybe a change in your cheer-leading outfit.