I also think it's interesting that someone sold 165k shares on the offer and it took only a day and a half and the second day they increased the price by 5 cents and it still went. Then the stock pops another 5% almost instantly. Ain't John Q Public for sure. Something is up for sure. Me, I picked up a couple of bucks in an hour and went back to watching.
All I know is that stock is selling considerably below book value, yet company finds it worthwhile to replace its destroyed refinery, and others go into partnership with it to build another refinery in Louisiana.