Not sure I wanted to bring this topic up (again.)But, as it just might make one or two that read here give this some serious thought before hitting these'll button, I'm going to risk it, even though I know there's probably a lot of you that don't (and won't) believe it.
After recently digging through enough stuff to say that I'm quite sure it's right, I can't find and don’t see where this company has any sort of poison pill in place that would discourage a hostile takeover attempt. So, in light of the entire situation here, I think the company is EXTREMELY vulnerable to it, especially with the large amount of August warrants that look at this point, likely to expire worthless. Do you know how easy that would make it for an interested party to swoop in and quickly suck up a significantly large percentage of outstanding stock in preparation for a proxy fight?
In addition to the size of the position they could quickly (and relatively cheaply) control, do you really think that there wouldn't also be a large number of current shareholders (and warrant holders, that could exercise shares) that would be swayed to vote in favor of... let's suppose it's a dollar more than what the stock is trading for right now.
What do you think the total cost of such a takeover would cost the bidder? 300 million, perhaps? I don't like the sound if it, for sure. But I think the chances of it happening (sooner than you might think) are far, far more real than a lot of folk might believe or be willing to admit... or they would never be selling at these insanely cheap price levels.
But, what do I know. Maybe y'all think this is just a bunch of hooey.