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.
Thank you. If money does not show up by tomorrow (Wednesday), I wi8ll call Vanguard to see what they say. .I have the pink sheet shares left when the SIRF acquisition occurred and they wanted a "vehicle for US stockholders. Later I liked CSR so much I bought the ADRs - but sold them last year and held the pk shares since they had appreciated so much. I will post what I find out Thursday.