This stock
in my opinion, is a "Screaming Buy" at this point and here's why:
1). Approx 20%+ appreciation is almost guaranteed from today's price. The $2.50 is most probably a base price for this stock going forward.
2). The company management is in talks with "Investment Banks" as per their website "what's new" section. They did this after the AQN offer of $2.50. This is a desperate attempt by the management to "persuade" their shareholders not to tender their shares at $2.50 as they might be able to get a "better price" based on "valuation" done by "independant parties".
3). And most important....." The Cat is Out of the Bag".... Somebody had mentioned that the management might have kept the price suppressed for a long time as they might have been interested for a Share Buyback at sometime before selling the company out at a "fair price" Unfortunately, the AQN news threw a wrench in this plan and now is "salvage" time. The Share Price has to be taken above the $2.50 soon to make the AQN offer a non-issue, otherwise management will have a really tough time keeping the shareholders from selling their stake out. A lot of shareholders must be "itching" to press the trigger as they have waited long enough.
- I am hoping to take a position tomorrow if I am lucky to get in below $2.10