Dart has approx $142 million cash on hand - 19.7c per share if my arithmetic is correct. That makes DTE look like a bargain at the current price.
But it doesn't matter how low they push it - no-one wants to buy. Sure it's a bargain, but give the last 9 month's history, it's probably going to be cheaper tomorrow or the day after.
The continual destructive shorting has created it's own reality. Looking at the performance of Dart the market can see that it's a dog and no-one will invest until it turns around.
While the shorts can make a dollar there will be no turn around.
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