There would be a huge contingent of gambling bagholders putting out word that the announcement was simply a ploy by management to take the company private on the cheap.
I'm dealing with a bunch of numb nuts on IMGG who had lucy yank the football away from them yet again, the CEO going on a conference call announcing he's out of money and nearly out of options, and a Form 4 surfacing that the CEO sold $6 million worth of personal stock since 2009 and "forgot" to disclose it. Somehow those shares got voted in 2010 and recounted last month. but then discovered missing. lol
But i'm a coward because I didn't go on the conference call to ask my questions. LOL