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that's why the merger option is on the

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amadeus Member Level  Wednesday, 05/06/15 12:22:10 PM
Re: Churak post# 757
Post # of 805 
that's why the merger option is on the table, if I'm also reading previous news correctly.

if they liquidate they take a loss on that
if they use the cash to acquire something, they're
trying to restore the market cap
and recover the $$ and pps.

so the gambit seems to be

.00
or could be 1.00s if they came up with a merger scenario to restore pps
high enough to recapitalize it.

now if they were sure a merger scenario were off the table
seems like they would just take the 22m cash.
because its costing them expenses to wait.

so purely a guess
but the longer they wait, I'm guessing
they working on a merger scenario as they mentioned
they had interest in exploring.
otherwise why wait, and spend any cash
on expenses in the meanwhile?
its all I've been able to figure out so far...
reading through the last few prs/filings..

maybe there are people here who know a lot more

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