"it's a spec stock? but i'm speculating on when there will be a takeover."
When? You mean IF.
Takeover what exactly? Wheres the value for someone else to takeover a business which has been around 10 years,never made a profit and facing ever increasing competition.
What significant assets do they have? Not as if they have plant and machinery or even some highly valued registered tech patents.
Wouldn't count a second hand library of DVDs and BluRay discs to be worth much.
There might of been some value and opportunity a couple years ago for a private equity firm to come in with a KKR like business model but on a mirco cap scale.
Purchase the company outright, delist it, run it as lean as possible for a few years and then try float it again for a profit.
Kat.
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