Wow. That is a high market value with current financial and business realities. I would vote for Barrington director candidates. If Barrington feels a turnaround of such magnitude is possible, it looks smart for me to hold my shares and turn what I thought would be a "trade" in to an "investment. Going from $% to over $14 a share in what would be 2 years for me would be a nice win.
Expect a "take down" on this one. Someone is pounding the shares short to get to where they get to grab the whole company and it's remaining cash. They may, and probably, are just be interested in owning the brand name and will tuck in with another female apparel firm. Many individuals could buy this company - let alone a private equity fund or partnership. Pay .41 cents a share for a company with about 50 cents a share in the bank - no debt. Worth more dead than alive today.
Are they partnering with someone? Usually, though, it would be announced that a big pharma or device firm is providing money for a trial - as they will get a % of the product, or the entire product, if things work out.