My honest assessment; it'll reach it to keep the QB status. Timeframe?...that's tough bc so many weaker hands will just flip on the way up. I understand why; believe me, I get it.
I'd rather see the shares be straight held for many reasons. One, you'll get that trip 8-to .40 run; you'll get a cleaner chart; but you'll ALSO get the few shares shorts can obtain, get absolved, and a ticker running positive all day, can much easier obtain a wicked PPS rise vs we move 4 ticks, then sells pull it down two to go up one to then two down etc etc etc.
Depending on the news, we very well will get another trip 8- .40 run...which is FIVE times the open PPS.
We're at .0018 (ALMOST three time the trip 8) do the math on a 5 times PPS run, or see VGP*, or TTD*, or other bigger tickers like PLU*.
Positive buying is key. HOLDERS locking shares up is key. M&A news, especially really good news, is key. Traders who know how to trade is key.
I think by end of May a .01 is very doable, sustained, that is. If that happens, serious $$$