RE: who was that stupid to pay four pennies today?Me. I bought 13K shares. The bids at 0.035 increased, so perhaps it was a good opportunity.
I bought with profits I made in my biotech stocks. (Javelin got bought out by Hospira: BTW: A useful board to watch is
www.thelion.com. Javelin had many bashers who were as disappointed with the company and the fact that the merger was not going to happen. I stuck it out and made a bundle (58% profit).
I now have 27K shares of MTM - 1K and change (maybe worth less like you say or maybe worth more like we hope).
For now, I wait and watch. Definitely a gamble!