I do agree CORS is still operating business, but the banking activity has been seized. Now it's more likely that only with the outstanding loans they made, CORS might not survive in a close future (I am only saying what the recent 8K is stating).
If the housing market recovers, I really believe that CORS would be an amazing deal at this current share price, very cheap. They will start to generate real income again (not tax back income).
A merger is a possibility, however this would be a risky takeover in the current market condition for the buyer: it's hard to predict when the housing market will be like it was in 2007.
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