It will not go below 50 cents as 50% of the float was bought at 50 cents before the R/S to pay off the old debts, so they would be heavy buyers there, and it may hold $1 as a real bottom for good now as no one was selling below the R/S $1 equivalent price before the R/S, and the volume at the ask was always around $5/share before the R/S for two years. MMs might play a bit with it from $.68 to $1, but I doubt we will be allowed to buy anything under $1 in volume. I plan to buy more at up to $1 for sure.
The float is only 250,000, and 50-60% of that may still be restricted so any positive news, or favorable F-4s and post R/M financials will rally it $5 with ease. Then any news after that of a first business deal, buying a biotech, will run it hard to maybe $10 to $20.
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