"My experience with this company is that they are masters of disinformation and obfuscation.
If this story is out, I think there is a better than average chance it was leaked by Nau with the purpose of continuing to entice people into tthe stock at these prices. The implication being that the takeover price will be somewhat more than it is currently.
IMO the reality of it is more likely to be that instead of a takeover, the consortium will force bankruptcy and take the company over leaving the shareholders nothing."
As they say, "Fool me once, shame on you, Fool me twice, shame on me"
I am not sure how many people they can entice by this speculation of a takeover. The one reason I will stay away from this stock is the 'big selling" that came after the news today. Just the fact that they could not arrange financing is very worrisome. This should not have been a concern if the would be investors were satisfied with the intrinsic value of the company. Last time the management said that the reason for the extension of the financing deadline was that it was taking more time than usual for the "interested parties" for due diligence. (Read FAQ on company website). A valid question will be why did the 'interested parties" back out after their due diligence.
" You cannot buy trust, You have to earn it", I hope people in control of this company reflect on this going forward.