I think there is a good chance of a takeover.
Not hiring a permanent CEO keeps merger possibilities alive.
Also, during the conference call when the acting CEO was asked about buyout offers, he hesitated and answered in a way that made me think a takeover is a strong possibility.
PermaFix has developed the most advanced nuclear waste treatment technologies and operates in an industry with tremendous barriers to entry. After four years of working with the EPA and the state of Tennessee, the company received the long awaited permit to commercially store and dispose of radioactive PCB's. Currently, there are no other commercial facilities for treating radioactive PCB wastes.The Stimulus bill includes about $6 billion for the Dept. of Energy's's cleanup program. One third of that is expected to be spent at the Hanford nuclear site,where Permafix started a major subcontract last summer.This contract adds credentials to the company which will help in obtaining additional DOE and Dept. of Defense contracts.I have recently purchased over 50,000 shares of PESI.