If good, this could hit $1+ quick. Roll the dice.
Forced to close
Probably 1 for 10 RS. Wonder who all has been shorting from higher above knowing this deal was coming??
At the present burn rate, it appears they will run out of cash this qt. If that is in the plan, and with their debt, this will be in the $1 range this summer.
I agree; with recent news, this should easily float back up into the $4-$6 range after the noise subsides.
The deal brokers getting the $million dollar fee for a little paper work and #$%$ are the ones making the easy money. That is the line of business one needs to be in; forget stock investing...unless you can do it with inside info that is legal.
No PR about it.