I'm not a technicals guy, but 200k in 4 hours flowing in means a lot of people are holding this at 1.5+ cents, and expecting to make money.
Not going to want to sell those 11 mill shares (1.5% of the float) for less than .02 or .03
Pre-settlement, i speculate we see a 60-160 Million Market Cap (.04-.10 PPS) but maybe not on this run.
I think we'll hit .02-.03 here. How patient are OTC players though? MM's might try to walk it down and overcome demand...
I might sell some, but will keep a chunk, as the long-term prospect of winning against 13 MSO's is gigantic. Could legitimately be ~$.50-1.00+ per share, although that would be a momentous judgement.
GL!
long UOIP
My posts express my opinion which is subject to change. They are not investment advice. Assess investments according to your personal financial circumstances.