i dont think last two days trading remain quiet and down if they really have an offer from last tuesday...insiders take it to hell if it was going to be around $3 unless company is very promising and have no insiders...
well at the moment $1.9 bid seem to me the next anouncement will abour capital resturcturing only.In that case it will take stock few percentage up...I am not sure if shorts will get covered only on capitial resturcture plan...if they wont comment abt $3 offer I dont think sp will rise too much...
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