It's the third time this has happened to my knowledge since the first occurrence on June 10th.
Each time, the stock has been heavily pumped on stocktwits, & has moved to a high which has been successively lower in each case (& on lower volume in each case). the first time the June 10 high was around 70c and the volume was well over a million shares--and i was sure that it was someone who was in a hurry to buy in, rather than a pump & dump. Since then i have to say i'm less certain. The high this third time yesterday was barely 40c, and the volume was 350k, and it went back down faster to the mid 20c range. I own this stock and i believe (from reading the SEC filings) that there are catalysts to drive value (likely in the fall to year end period). I have posted on this board re the facts about PRZM. And I would recommend anyone interested to read the filings and come to your own conclusions. I continue to be happy accumulating the stock at prices under 30c. But I would beware chasing the stock on a sudden jump in price that lasts barely a few hours....