Hey how's that opportunity to make 25-50% in a couple days working for you? (Your words) So it should be at around $2 or more now?
Great call! Your crystal ball needs a little Windex to clear it up a little for you. Or maybe a change in your cheer-leading outfit.
since the spread is so large usually and the volume so thin, it is impossible for anyone to make money trading on news in this stock. This stock is like a roach motel: you can get in, but can't get out (at least for now that is)
While it is true that as a short term trader, you will have trouble operating in this environment, the equity has clearly demonstrated solid runs up, interrupted by drops on non-significant news. Each of these cycles have yielded plenty of up and down opportunity, and I will say that you could reasonably have doubled your money over the last years -- twice.
The key is to understand that this is not a short term (as in swing or day) trade, but rather an investment (or trade) with an indeterminable time-horizon.
Of course with the volatility/volume profile of today all bets are off (as it is for any other equity,) but ultimately this is a $500 million company with strong margins. No amount of letters back and forth between lawyers is going to change this, I think.