Speculation As many investors have noted here, the current valuation being applied to the stock simply doesn't make any sense. The Working Capital is $1.30/share and we trade at a 19% discount to simple WC. The cash per share is $0.96/share, so here at $1.05 you're paying $0.09/share for the remainder of the W/C, all fixed assets, Snubbing equity & Note and all future business opportunities.
In my experience, often when there is a takeover offer they company quotes the takeover price as "xx % higher than the 30 day VWAP". In my opinion someone is trying to keep a cap on the stock price here and my tingly senses tell me a strategic offer could be around the corner?
Pure speculation, but my thoughts heading into the weekend. Have a good weekend, GLTA