Don't dexpect another bid in the next three months because from...

Don't dexpect another bid in the next three months because from a corporate finance view the lack of buying activity from 'substantial shareholders' indicates no 'easy gains' here.

The depths show the short term supply of Mesbon stock outweighs demand, the SP is still biased downwards. Keep in mind we still have more than 1 million stuck at the 28c+ level and they need to be cleared until the SP can move on. Maybe when some of those speculators realize the deal is dead for the remainder of the year more sell orders may surface.

Fundamentally the company is sound, provided the reported numbers are true(: a bit sensative to CN fraud lately). Short term economic uncertainty would highlight some volatilities, which may prove interesting.

Overall, after account for low liquidity and intertemporal oppotunities, avoid trading the stock for the SR may be a good idea.