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He is not any analyst complete deepshit with no analyzing skills, must be someone who took a loss? They started looking for buyers less then 4 months, companies in situations like pernix is complex deal because buyers will take advantage and pay less and shareholder get hit even more, to avoid share holders litigations and smooth transaction of sale they need to protect and maximize shareholder value out of this deal, obviously they need time.  Institutional investors doubled their stake knowing something is up in past 4 months plus the crazy volumes past few weeks with stock price appriciation is again something which states institutions are buying. Anyways ignore BS ...guy wont even stand to defend his point after31/6 if no institutions exit ...useless and worthless both together thats why you are former analyst at big firms.