Could someone imaging that could be several companies interested in buying CEDC and having access to its market? It looks like this company have a mediocre management and competitors could be doing their research and working to get this company at a very good discount. In six months CEDC has slashed its price to half, and someone with good vision and looking to Russian market could make a "good offer" after this debacle. You never know.
Longs: if you have hold up to now, wait for the reversals. It is hard to lost your money, but worst is to remember that you sold at the bottom