It all depends what company merges into it and who's orchestrating the merger etc... two things that are encouraging this shell has a very low O/S and it seems to be in competitive hands as far as palo alto investors owning almost 20% of the Outstanding shares equalling 738k assuming this is still the case. Don't you think they're going to seek a merger candidate that makes sense and make them money. You will need patience for these plays. I don't know if they're close to doing a deal but todays' volume out of the blue suggests something may be in the works.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.