Not sure if you saw this morning but the ask opened at $.35 cents before they started dumping shares again. There will be days in the future where they pull the ask up like this and dilution won't be there to meet buyers' demand and bring the price back down so if they want shares they'll have to hit the thin ask. That's when some serious FOMO will kick in.
We had over 300K shares traded today and closed higher. We have many people aggressively/daily pushing a false narrative against the company (I'll let you speculate their intentions, who's financing them, and what that means about their speculative position in the company and how that could affect the stock price if it begins moving higher). We've been putting in a very strong base here the past 4 months (thanks to the cash dividend announcement no doubt) and the stock is only a few cents away from an official long term trend reversal technically speaking. I have repeatedly heard that the stock price won't move up quickly when/if it does but I couldn't disagree more.
I find it very likely we could see a scenario where at the same time dilution ends (AKA enormous supply finally evaporates) we will simultaneously get very positive news from loans, TRW preferred share distribution, cash dividends, etc (AKA new influx of buying interest); Do the math on what happens to the price of a thinly traded stock where enormous supply evaporates and demand suddenly jumps. This is a $12M market cap stock. It would not be an extraordinary case if within a year it was treated as a $120M market cap stock after catalysts mentioned above. Most people who only know S&P 500 stocks don't understand how quickly/aggressively and common it is for stocks to go up 10X in less than a year (particularly if they're starting from a $12M market cap).
