It is true that the name of the game on Wall Street is to scare retail investors and take their money, when it is known that a stock will likely head north afterwards.
But where is this rumor coming from? Cause Sierra speculated it might?
That would be like me speculating that PEII will be bought out by some other energy company! I have no basis for that, and neither did Sierra (unless I missed where they stated that). It is pure speculation, not based on anything.
I'll give you this much, something just don't seem right. And there has been over a BILLION shares bought after the No Bid. Anything can happen but I'm sure this isn't the way a buy out would go.
Nice thought. Not even worth the $10 brokerage fee for me to sell at this point. Can't see why they'd be dumping all those shares though if that were the case. But I'd sure love to see it happen. Anything is possible.