The main concern is that the CC is the Compuware speak I have been hearing for years. Poor execution. COVS will be a rocky ride. Seriously, did you listen to all the double talk? If you want to invest in COVS, I highly recommend you be in and out and ride the volatility. I don't think it will ever change.
The sale had nothing to do with it. What did have something to do with it was that they were aware that Elliott's efforts would be suspended for a year. The sale of the 3 entities was a non-event. The stock being propped up to $11 was because the proposed sale price was at $11. Now that is off the table, for at least a year, and anyone who had shares hoping for that is dead money. Same thing - they knew. They had to have known, and that sucks.