First we get insiders taking big positions (one of who's speciality is brokering takeovers)... foolish hey, because they knew lowered guidance and downgrades were acoming...then we get changes in directors contracts in the event of change of ownership..then we get change of accounting so that results are industry compatible...the evidence looks like Hany Nada has persuaded DeMasi to put the company on the block.
Well, at least you "get it". Your observations are correct but not your conclusion. Hany Nada is smart enough to know that GLUU must "turn the corner" and get the stock price substantially higher prior to "putting the company on the block". Otherwise, they will only get a "fire sale" price instead of a significant premium. Bottom line, it's much too early to look for a buyout. IMO
In addition, GLUU's relentless cash burn has resulted in critically low working capital. In fact, there's no way GLUU can enter the online gambling biz without a capital infusion. And there's no way GLUU can get bank credit at decent rates with the current financials and any attempt to raise cash by floating stock would instantly kill the sp. Bottom line, GLUU is now "caught between a rock and a hard place" with no easy route to the ultimate buyout endgame. IMO
I just bought more at this price. I think (hope) we're getting close to the bottom and will soon start to turn up. Plus, with the high short interest in this stock, any good news should send it on a run.