"many hedgies and other funds don't want to touch the stock with a 10 ft pole right before an announcement."
How about this 'announcement' - no product (M+A), no uplist, no profits, July the new date when something is 'supposed' to happen, we couldn't even hold $3, no 2.5% funding to WMIH, no business plan ...
If you could bottle and sell your optimism you'd be rich..