One other thing to think about. PA has a seat on the board so they know what's going on. I would wager major money that they are trading this thing. Monday I am sure they shorted as it spiked up to $2 knowing they could cover them much lower. It's a low float stock and quite easy to play. Another stock I was in received a loan whereby they gave a large chunk of stock to the hedge fund making the loan. The hedge fund shorted the hell out of the stock making a killing on both ends. PA is definitely playing this. Why not. They know when/if the buyout is coming with their board seat. We're merely along for the ride. The day to day swings of the stock are insignificant as many of us know. The news on Monday was expected. Even in this nasty market I don't think PA will look to just break even on their investment. 4-5 bucks and I'm happy. Anything above that is gravy. I know I know 4-5 is not what many here are expecting. I just don't like to have my hopes way up. That way I'm not letdown :)
PS. I wouldn't be surprised if we drift toward a buck. Stynch and gang/aliases are going to go fulltilt. Isn't it odd he showed up when PA bought in? hmmm... just a thought.
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