You live in a fantasy world. As much as I would love for this to see .01 or higher, I don't see how your plan comes to fruition. You do realize you have current BLLB management stating they are in final discussions with a merger company right? Are you saying that the SEC or some other agency is going to step in at the last minute and put the kybosh on that if it does happen? I just don't see that happening. I think the world has moved on and for better or worse current BLLB management are in control and will determine the fate of this stock and where it goes from here. Not some pipe dream you're pitching. We shall see, but my money is betting on a merger getting consummated here that results in a change of control and new management being brought in, along with a new business. Then this stock will get valued based on the merits of those various things.
My post is only my opinion, I recommend you always do your own DD! I am not a licensed broker or a professional by any means, so take what I say as entertainment value at best.