Pernix Therapeutics Holdings Inc. (fka PTXTQ)

[Pharaoh-1]

As long as the 50 MA is pointing down, we are still in a downtrend pattern. This needs to be broken soon as the 50 MA keeps getting lower and lower, so we better break it out and stay above it, otherwise, we are heading down.

We don't want to test 50 MA, we want to break it, stay above it, and start the process of curling the 50 MA upwards. This will take significant news that change things fundamentally as the shorts will not leave this stock alone as it seems. They are very determined to crash it.

Is it possible that the debt holders are not allowing this stock to run?, the lower the price, the better the conversion rate for them?...just a thought as I don't understand why we are trading at these levels....