Why would another studio pick up a low selling title? This isn't like Hayate which actually sold good... the only chances of this being continued was because it was Manglobes best selling series in japan.. but why keep on making things at a minor loss instead of actually trying to make a hit?
Best case scenario is the Negima situation... OVAs bundled with the manga volumes sell well and a movie gets made (Yui?). Don't expect a 3rd season and yes I watched Episode 12.
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