With the BVIG float the way it is, would take about 20,000 shares tops to take it over a buck...could happen tommorrow.
Or if someone holding doesn't like this deal, unless someone is going to support the bid in a big way, it could be dropped to a penny, tomorrow.
Perhaps you don't know how volatile a 380,500 share float can be.
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On a side note, few years ago a bunch of us jumped into a stock that did a massive r/s dropping the outstanding down to 11 shares..but we saw someone selling, more than 11, the company screwed up and had the TA issue massive forward split shares before the ex dividend date and the guy that got them started selling....we recognized what had happened and caused the largest technical short in these markets history...it's still not settled and never will be.
SEC threw up their hands, bent the rules, busted the guy that was selling to us and fined him and took away his $200k profits, and screwed us because nobody was ever going to pay us the mega billions of $$ owed us without a huge long fight that would cost them a fortune. A few guys made $200k - $500k when Ameritrade also screwed up and gave the forward split shares early, before the actual stock had arrive...they sold, and fast a possible took the cash and closed their accounts.
The rest of us waited and for the actual stock to arrive as we were scared to millions of $ technically short and on the hook for it if the stock didn't arrive.
Pretty sad to watch your account be worth $20-30 million one, then bam, back to a few hundred or thousand.
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