I'm not trying to make a big long discusion about splits and past history, howbeit, its turning into this. All I'm trying to point out is that most of the stock has already been issued. For a long term holder who didn't sell, unless he recently purchased more shares, is going to have a small to large loss depending on their split adjusted cost basis, even at the buyout price of 3.125. Some of the longer term holders might not think that 3.125 is enought and that the company is just now starting to obtain contracts and starting to grow.
Have a good weekend.
All posts are In my opinion, and are not meant to harm or defame anyone, please do your own DD.