The thing is nothing has really changed for the longs over the last 3 months. Why are folks still buying CBAY with all that has happened? Money is why. And here is the reason folks will continue to buy it for the next 3 months and why SLJB is still very much in play.
When this stock went from $0.02 to $0.004 three months ago it did so on only 60-80 million shares traded. There can be no dilution since that time b/c the company is under close watch by the SEC. So, we know the volume we have to play with between $0.004 to $0.02 and it is not much. Most of that has been bought up by the longs to average down their positions and bring us to the PPS we have today. Soooo, very few shares remain in play between where we are now to the $0.02 area. If someone bought in today, a couple of 5-10 million share trade days could net them 100% proffit (and there will be more high volume days between now and the next three months - you can bet on that).
This stock moves with volume and that is why folks keep buying it....to flip it and make $$$$. There is plenty to be made in a short time if you play the play between here and $0.02 IMHO.