Stock price is still hanging in there despite this: http://www.nasdaq.com/symbol/apol/risk
I guess some investors still think the company has potential. Management is hanging in there, too. But where else can management have so much bad news for so many consecutive quarters and still be around?
The price is high because the prospective buyers are offering 9.50 a share if the deal happens. I hope the deal fails but the scum at the top is encouraging a yes vote telling screwed over shareholders it's better than nothing.
I think all of the scum for-profits are in the same boat. A lot of money and crooks hoping to avoid the final blow that will crush all of them at once. A blow that the crooks in government are doing their best to avoid giving, but may well destroy an entire generation's finances if they don't.
Probably waiting for the $9.50 share sellout price.