I'm surprised, considering the cash per share, and announcement of strategic alternatives, that it isn't trading higher. This is one I've been quietly accumulating in the extreme low $5's, since late last year.
Now you are just being silly. If you want to argue that there are no near term operational catalysts, fine. But geeze, their tangible book value alone is $10/share...lots of it in good ole cash.....+ they really dont lose much money, so they will be around for a long time. And they just mentioned they received an offer for the company. And that has forced them to look at 'strategic alternatives', and give shrareholders some extra goodies (the warrants).