<<I see the share count is down to 40 some million>>
Outstanding Shares are about 45 MM but diluted shares are higher and they are going up higher and higher every quarter. I am not surprised to see them up sharply in near future. Insiders sell even under $3.
<<there will be record net income announce end of this month. >>
Wake up and smell the coffee. Historically, Q1 is the worst and lowest quarter for ACTU. ACTU already predicted 20% lower license revenue for the year. That means more than 20% lower in Q1. Now add the recent bank consolidation and no spending by financial firms. Tough competition from large and established companies like IBM, MSFT, ORCL and SAP. New expenses like interest payment for the new debt. Not getting interest from the cash ACTU used to have. List goes on.
Bottom line, I don't know if this company will survive.