Well remember we have now been reduced over 50% (.65 to .26) by the "bad news",the Q, and lack of explanation of such and we all are still in a guessing game as to where we really stand...via the licenses or lack there of....That's the bad news...and it will linger on till there is some definitive reason to move upwards.
The good news we've read recently has helped....the buyback of shares by the company, the purchase of shares by two of the insiders and such....that gave us a boost to where we now stand.
Unfortunately, the market still has to do it's thing. We had two big gaps that hit us...from the low 50's one day to opening at .42 the next and one more day after that to open in the mid .30 range. Those are two BIG gaps we have to now fill.
Also the selling on the down side for those three bad days was probably 22-24MM shares, 60-65% of which were actual shares trading hands. Subsequently our nice little rebound has had nowhere near that total of shares trading and we still have to break through that low 40 range, with some decent volume, to wipe that first big gap we had hit us.
The "market" has now taken over regarding where our PPS should be.
We need "news' from the company, something about our licensing that has come to a standstill it seems and as much OPR as we can get. Also some more buying by the company and some more PR on it along with some remaining members of the BOD to "buy in"on the open market.
The positive effect of the "good news" we received will wear off quickly if there isn't an "ongoing" story being told.
JMHO
