Provectus Biopharmaceuticals Inc (PVCT)

[Mokyo Toe]

So, our next hurdle is .05

The good news is bid support looks more solid than it has since PVCT last spiked above .05 last Spring. There were some solid, large-ish buys today, and we have seen weakness met by strength several times in recent weeks.

Problem is, at .053 or so, the Maxim ratchets kick in. There's no way to deny that it is dilution, but that has definitely already been priced into our current pps, since this was announced a year ago and is the legacy of how dire the situation was at PVCT last year. Things are much different now. Trouble is, those ratchets have kept holding us down sub-nickel.

I expect we soon will get a chance to see if the recent strength, technical support, and positive news is enough to cut through this mess. It couldn't last time, but it eventually will (barring unexpected bad news). Let's not forget those warrants at .85... Not sure if it will have enough moxy to get us over the hill this time; volume is still too low for now, and this can still dribble back into the 3's. But we are on firmer ground than last time. We still need a good blockbuster piece of news. But our day is drawing nearer.