As a long, I accept that the deal was never a sure thing. That's fine. But now it's time for him to go away. He had 60 days to put together a deal - to put his money where his mouth was. Couldn't do it? OK. That's enough.
Let Joly and the new people try to turn things around. Enough with Schulze. Hopefully, they will become a much stronger online presence and ramp up service revenues, etc.
when Schulze finally walk away formally (actually he did already, as he did not place any bid within 60 days window) the stock will drop even more to close around 10-8.
I expect this to happen next month. Just be ready for after earnings further big drop like today. Extra drop will be as soon as he admits buyout was a trick. Of course, he would never say tha outright, but rather will cover it up with some nice wording, appropriate for longs to comfort their feelings for lost dough.
why on earth would it be a trick??!!!! All he would be doing is dropping his net worth as he owns 20% of the shares, it makes sense if there was a BO so he could buy at less, he wont just walk away-leaving his shares at a fraction of what they used to..if anything he would sell off his shares once price is higher