I've always been skeptical in nature but I don't think this bad...I don't think.
I see it as "I can't really can't get anyone else to buy shares of this stock here, it can't go much lower...I've tried everything so let's do this. Merger/New company!
Yes but doesn't Ike still have that social tweeter genius Magone? I can see it now, another interview on simplypennies. Willikers this baby's gonna fly.