Rumors of a takeover are being used to cover up the companies terrible financial reporting practices
The company announced that it is delaying reporting its quarterly earnings with no new date announced for the actual reporting...that is never a good thing. The fact the stock has gone straight up on large volume since then is the persistent rumors that the company is in play. Something strange is going on thats for sure.
BS...I know of PLENTY of Companies that delayed their report and then came out with fantastic numbers..I believe their delay is due to their recent acquisitions, a reasonable person can see how that might complicate a financial Report...Their numbers will be quite impressive IMHO...It is going up rapidly because of Institutional Buying...But if you want go ahead and short it Shorty...Please Do !