Refer back to SPM post #7255:
"You're partially correct and partially mistaken. Yes, we'll need to see at least 500k in volume to get us going, but that will come. Maybe it will require a catalyst but there's already more than enough info out there that has yet to be priced into the share price, so it may not even take anything new. All it will take is for the price action to wake up enough traders to us.
And just because we slapped above .04 before doesn't mean it was a failure. Think about in a war when you have waves of attackers storming a front. The first wave may get taken out without making it through the lines of defense. The second wave may too. And the third. But even though they didn't make it through, they weakened the defenses a little at a time, and finally one of those waves will make it through. BUT the only reason they made it through was because all of the work the previous waves of soldiers who had to chew through the defenses.
Same exact shit here, every time we slapped above .04 we cleared out some resistance, but then whenever we fell back we shook out some more longs who either got impatient or bailed because the stock couldn't hold .04. But then those shares got scooped up by more patient longs and the battles continues, slowly but steadily wearing out the resistance.
In the past few weeks we've seen more volume in the .03 - .04 range than we've ever seen to date and now the bid above .03 is better than it's ever been. Not that it hasn't been higher, it has, but it hasn't been this strong with this many MMs supporting us. I think we'll continue to hear updates and then one of these next ones will be enough to get us over this edge that we've been stuck on. This stuck is way stronger than you realize."
