I think its 4) the uncertainty has scared investors and once the cloud of uncertainty is lifted (de-listing or not), the stock will likely rise. I did some research on other de-listed stocks when the news of the de-listing happened. One of two things will happen, the stock will go to zero or it will move toward pre de-lising levels.
It all boils down to is this an ethically ran operation and legitimate business? I think it is. I could be wrong, but I put 25k of my hard earned money in and think in the long run, I will be right about this call.
I'd also like to say the last stock i was down 50% in, I got out because I got scared only to see it double from my buy in. Being scared is a losing mentality for investors. Emotion is not a good thing when investing. I have learned from that am when I make a decision to buy now, it because I believe the company has something special to offer. Huff is an idealist, but not a crook. I think he's on to something at the right time. I honestly think that GTE will do very well. I'm not a pumper, that is my honest belief.