I think there is a few things going on.
1. There was great hope/speculation before the announcement of the r/m and the r/s, and now that the price seems to be rising, people are hoping/speculating that it will continue to shoot up.
2. As of now, if those 87m shares are NOT outstanding, there should really only be about 1m shares outstanding, which would mean the whole market cap of the company is like 7m, which would obviously be very low.
3. Obviously, though, if the 87m shares are issued and hit the market, that will dilute it like crazy... but there is (I believe in the minds of a lot of people on this board - NOT me) hope that the shares issued to Moreno will be treated as having been part of the split (and will also be divided by 200 so as to not totally dilute the market) or that the 87m shares won't be given at all or something?
4. It seems like the r/s shares are still not able to be traded in people's brokerage accounts, which means no one is able to SELL any of the rshares they owned pre-split. People can only BUY then sell the shares if they want to trade these last few days. Not being able to sell any of the shares owned pre-split obviously helps the SP. It also begs the question - where are the shares coming from that ARE being traded?
