You are correct in that the pps cannot be held down by anyone once "confirmed" strength of a diamond stock is validated. You answered your own question.
However, again, with pinks/otc stock plays, the pps will not just take off even upon PR's, news, etc., which retail traders hope to drive up pps. The "range" of pps w/ GBDX like all other pinks/otc's is based on chart/TA, momo, flippers and MM bs short term.
Once confirmation now established on JV and revenue #s, yes, this stock's pps will go ballistic as you have stated with other diamond stocks. Just because the pps doesn't run immed. does not mean it won't! IMHO, you are missing the point of this pink play. With the JV, confirms that GBDX is not only real but now has the capability to blow out almost all other wholesale diamond traders. Not only w/ cost basis, but with quality of product which is key in NY diamond district.
You stating your down 60% I know is tough; but oppty to sell off just 10 days ago at .03 likely for 0 loss at the top of the 3rd run. The pps declined from that point based soley on chart/TA and flippers; and NO additional confirmed info to drive momo. Top Bollinger band was basing. Full stoch was starting downturn, volume peaked, and macd started downturn. Indicators of a short term retracement. And, at that point, nothing was confirmed. Play was to sell and rebuy at current levels and ride up to .08 for strong gains with current info on strong JV/office open, etc.
Over the last few weeks, there was no confirmed info to continue pps uptrend past .03. BUT AGAIN, NOW that JV was announced and office confirmed open, 698 carats presold,etc. different story. IMHO, GBDX is a sleeper play currently.
Good luck to you.
Not a buy or sell recommendation. My opinion only.
