What can one say about AQD? I used to hold- one of my first ever...

What can one say about AQD? I used to hold- one of my first ever shares- awww. Got out with the shirt on my back, but why oh why, is this share doing so poorly? I have never seen poor results from them, they have enough cash- $9.67m to move forward with, a zillion assets, and $18.4m (new) market cap.

I am not all about saying that companies become takeover targets due to decreasing share prices, but this one is a share oddity. 6.5c, loss of 7%, and next order at 6.1c! I understand sellers getting sick of losing money, but do you reckon Cliffs has a plan for AQD? It's all very strange. Surely, someone could just take them over, get their hands on the cash, and flip the assets!