There are games played by the shorts to keep the price down for covering though. Today it they were trying all day. I would expect to break through that 4 dollar range you speak of tomorrow. I know it sounds a bit much but like I said I have been watching the trading of this equity every day and almost every ticker for quite some time and I once bought at 6.80 on the TSX and sold at 7.30 the next day only to see it go over 9 bucks the same day and to 10.40 the next. This was just last month. Today it closed at 4.75 with two reports from Calandra in the last two days in which he states he know "Large" holders of the stock still being believers and anytime now we could be hearing from several deals on the table coming to fruition. It's a "dangerous" stock to say the least.
The following is believed to change drastically for the better in their release at the end of the month...
For the nine months ended 9/30/03, revenues rose 21% to $7.3M. Net loss according to U.S. GAAP fell 45% to $3.8 million. Revenues reflect higher oil and gas prices and increased sales in the U.S. and China. Lower loss also reflects improved gross margins.