Good possibilty large shareholders won't approve the deal after 30% pounding of a stock
Major shareholdersmayl vote against the deal, this is very likely. Stock should have lost no more then 5-10% on the news, insted it's 30%. No investor wants to lose 30% in 2 days in already depressed stock price. Another stunt like this one by the management, it it will dive to $4, i give it a 50-50 chance now for deal to get blocked.