Seen this before This company might just have a target on its back. Natural assumption is low share count means it's tough to buy. Not so. The longer it stays at a lower price the more eager shareholders will be to take (what some may consider to be) low ball offers.
False sense of security, happened to me a few times over many years. And in todays market nothing is safe. Unless you know you can control at least 60% of the outstanding shares then watch out. Potential buyers can play a very long game and this stock is very easy to hold down. Remember, it's the 30 day or 60 day avg that buy out bids are based on.
Just saying.