All difficult questions to answer...
1. I admire your fight but I would have no interest in attempting a hostile takeover of AEMD. Anything is possible but with institutional ownership below 5%, very large insider ownership and many 1000's of other smaller shareholders, putting together a plan/offer and presenting it would more than likely be a loss cause. I am not familiar enough to comment on whether the board has "poison pill" type measures in place. Takeovers are not my area of expertise, however.
2. I have to admit I am also a little surprised at the recent rate of decline on no major news. I suspect an institutional investor's tolerance for risk (with a potential delisting looming) caused them to exit. With the latest placement the company is actually well funded for the time being and in no risk of insolvency...
3. Honestly, your guess is probably as good as mine on the future of this company. I think the most likely scenario is more of the same. As far as the stock, the critical tell tale sign will be the $3.50 level from the last placement. For long-ballers, there is still the same chance for a homerun that there always was, as nothing as fundamentally changed in the last few weeks that I can see. The longs definitely need something soon though...
News 
Market Data 
Discover 
