saw the down stock day and i suspected negative news.

1.50 is the bottom, whether it goes lower.....not sure.

Didnt Brookfield have an option to buy at 3.56 or so?

I suspect that unrealized options may force it lower into that liquidation or takeover situation.

In Brookfields case: I suspect they will buy the land assets and lease it back to Armtec for high the expense of future stock holder prices.