Pinned straw:
That's right - good only for those who were bold enough (not yours truly!) to bottom fish in anticipation of opportunistic takeovers. Shows that there is value in the space too for the vultures to swoop in.
Of course, dud management can bungle this too (see TYR, ERD, even RHC etc. as recent examples).
Another fine example of the old adage that more companies die of indigestion than starvation.
It still means that most long term holders will end up losing their shirt and locking in a big loss. Not as bad as the current paper loss but still hardly a good outcome for shareholders.
Just anotheer PE outfit taking advantage of depressed small cap valuations.