False assumptions = false conclusions. I love making money AFTER I do my homework. The last executive team was canned because they did nothing to move the company forward. There was no revenue reported through Q3 2015. Intent to acquire a distribution company doesn't mean it was acquired. Intent to sell Grow Pods doesn't mean one was sold. Intent to access a 50 million line of equity credit doesn't mean money was accessed. These actions have to be reported to be useful to investors. Therefore, no justification exists for a ".20 cents or more" PPS.
We need to hear from the new owner or read the 10K they are working on.
This is an empty shell with debt. It is being cleaned up for the next tenant.
We don't know what steps have been taken toward the merger other than what the Interim CEO has stated and what public records indicate.