Handy & Harman filed an amended 13D with the SEC today. It contains a joint filing agreement by Steel Partners, Lichtenstein, & H&H. Also it contains this new information:
On September 28, 2012, HNH delivered a letter to the Issuer nominating Warren G. Lichtenstein, Glen M. Kassan and Richard K. McClelland (the “Nominees”) for election to the Board of Directors (the “Board”) of the Issuer at the 2012 annual meeting of stockholders of the Issuer (the “2012 Annual Meeting”). The Reporting Persons continue to engage in communications with the Issuer and its advisors. The Reporting Persons continue to be interested in participating in a negotiated transaction with the Issuer with the goal of enhancing value for all stockholders.
I still think it will happen sooner than later. I believe they are waiting for Lawler's run to end in the next few weeks. Then they will start to release some good news. I do not think that H & H will want to lose any money in their investment. I see MLNK north of $5 before X-Mas