I think there's some upside potential from this level............the volume has been very high and Accum/Dist really soared the last 2 trading days of the week............I think the goal was 0.0001 for conversion............they need to set the conversion rate and 0.0001 is the holy grail.........I need to reread the financials, but looks like they have set the rate at a ridiculously low price..............there was the T trade on Friday, but the selling slowed greatly & the 2's were hard to get..........I think the retail weak hands got flushed.........many traders thought they timed it correctly, but unfortunately did not.........instead of holding they sold for a loss........you could tell by the trading on Friday that the panic selling had finished.............. I think there's a possibility for a spike to the 0.0006 - 0.0007 range.........if resistance breaks the 50 DMA @ 0.0012 becomes the target.........the odds for a bounce are better, because of the recent high volume............IMO the MM's will find volume to the upside at some point next week..........if it gets running w/ volume new players should show up......... I think at the very least you'll see a dead cat bounce from this level..........the wild card is a pr........this company rarely puts out press releases..........many times OTC companies release good news after hitting a 52 week low........not saying that will happen here, but that's the wild card...........any good news would be rocket juice............$$$
