Mark, I'm thinking maybe BSTG is stuck pending R/S already approved by the board back in April? Late yesterday's volume and pps spike also reminded me of a few plays where there were similar increases right before an R/S took place.
From 10-Q:
8. Subsequent Events
On April 26, 2017, the Company’s stockholders approved the following proposals at the Company’s Annual Meeting of Shareholders:
·
An amendment to the Company’s charter to increase the number of authorized shares of the Company’s common stock from 60,000,000 shares to 120,000,000 shares;
·
An amendment of the Company’s 2013 Equity Incentive Plan to increase the number of shares of the Company’s common stock available for issuance pursuant to the 2013 Plan by 4,000,000 shares; and
·
An amendment of the Company’s charter to effect a reverse stock split of the shares of the Company’s common stock at a ratio of not less than 1-for-2 and not greater than 1-for-20, with the exact ratio of, effective time of and decision whether or not to implement a reverse stock split to be determined by the Company’s board of directors.
