Yesterday, an important announcement sent the stock of Access to Money, Inc. (OTC:AEMI) flying to the skies. At the end of the day, AEMI stock had risen 124% to $0.269 on a volume of 1.4 million shares. Just for comparison, the daily average volume of this stock is only 7,700 thousand shares.
The stock explosion happened after the company announced it had entered into a definitive agreement under which Cardiotronics Inc. (Nasdaq:CATM) would acquire AEMI. According to the press release, the stipulated price at which CATM will acquire all of the outstanding shares of AEMI is $0.285 per share.
It was also stated that all of the outstanding indebtedness of AEMI will be retired in the process. The transaction is expected to be completed in the fourth quarter of the year. [BANNER]
However, the following day brought along a couple of other announcements which put some shadow on the announced deal. 
Namely, four law firms announced through the Business Wire system that they would start an investigation of the Board of Directors of AEMI due to certain claims concerning breaches of fiduciary duty and other violations connected to the announced deal.
Apparently, AEMI Board of Directors is being suspected not to have obtained the best price possible for AEMI shares before entering into the agreement with CATM. It was also said that certain analysts have set a $3.50 per share target for AEMI stock.
Definitely, it will be interesting to see the outcome of the investigation. Until then AEMI stock will have to struggle between the market sentiment produced by the deal and the sentiment produced by the started investigation.
