To be honest, none of this makes any sense to me.
I have come to realize that this stock is not governed by common sense, and especially not by general market conditions.
I spoke to someone at LGDI a few nights ago, and they claimed that they are still in negotiations and that nothing has changed. They have no intentions of taking the company private or filing for bankruptcy.
As a long term shareholder, I am now completely in the red and mad as hell. But I am convinced that the game is not over yet.