I've had this happen before. Assuming they file and become current ("Step 1"), LAHO will trade, and even on the greys the stock could move higher. That will depend on the acquisition going through ("Step 2"). I can't imagine they would go through the trouble of becoming current if the acquisition is dead, so if we see "Step 1" happen then "Step 2" should happen. Then anything is possible even on the grey sheets.
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.