This is pure whimsy, but I would daydream the share price at 20c/sh, shenanigans take place pre-bid (the games that take place by acquirers before they launch their bid) to hit the SP to 18c/sh, then a bid at a premium.
That would be nice. I would tip a beer to that.
Add 10-20c/sh to the above and thats the bull case!! Some people might be even more bullish and I will definitely support that!