Figured today would be the "selling day". Was going to post last night, but didn't get time.
I'd been watching for it to be "walked up" (on low volume) to the .025 area, and figured that would trigger another seller/share dumping point. For the past week, they brought it "up" but on extremely low vol, like $6K or so, total vol traded on several trading days (that's like qty-12, $500 trades in an entire day, but the mm/brokers would widen the spread to close it "up" like 3 to 5% on several days, on maybe a $300 closing buy order).
There are just a LOT of "in the money" warrants and shares and "convertible shares" out there now, like in the 10's of MILLIONS with strike or grant prices in the 1 CENT range (on floorless convertible there is no bottom price) (see latest 10-Q, 10-K filings, just read up on the millions of warrants alone, that are now in the 1 cent to about 1.6 range). If a "big boy" wants to unload, IMO, it will be done in "cycles/ratchets" just like we've been seeing. They can double their money, on short term money, if they can unload 1 CENT shares at anything above 2 cents or so, or even make 50% return on their money at the .015 to .0175 range.
They sell a load on high volume days like the past several weeks (dropping 10% to 20% in a blink) then let it recover a bit, the mm/brokers "walking it up" over a period, say one week, on tiny, $500 to $1000 buys, then when it gets back up "in range" they sell another large chunk off, IMO.
There is just too much dilution and share "overhang" IMO, for the "PR" blasts to have much effect. I mean, when you're down to spending $5K for a "month's worth" of paid "penny promotion" and put out a PR about every few days about "something" (talk, conference, award, whatever), it tells me, IMO, someone wants to sell stock, and a lot of it, probably.
