Seriously. They do have a lot of cash and some brand recognition. Any chance of a buyout in the 9-10 range? Seems very unlikely as bankruptcy will be inevitable and a competitor could just wait them out.
Bankruptcy inevitable?They have $5/sh in cash and no debt. If you say Bankruptcy is inevitable with those numbers you can say that about EVERY company listed on the exchangeCurrent they brand and product is being valued at about $40mln. I personally feel that is should be worth a minumum of $100mln+. Maybe I'm wrong - but am a buyer here under 7.
The cash will only last so long. They continue to burn it.
why would anyone want to buy this and who?This is a loser stock and things could get worse. Crazy to buy this because they have some cash, that has already fooled many investors.