Train wreck I'm guessing, that without any news, this SHO deal will fall through. I can't see their shareholders (although I don't know what their ownership structure is) wanting to be part of the "new" CNE.
It appears that CIBC has switched to the sell side - have they released a new report recently? I haven't seen anything, but it apepars they're no longer willing to prop this stock up.
I have a sadistic thought to actually buy more at these levels, but I can't bring myself to do it without further transaprency - just what the heck is going on here. A 10% drop is a pretty big kick to the ol' bottomline (forgetting the 80% slide we've had since the new year) when we haven't had material news in many months now (and perhaps that's the reason).