I guesss its all short covering and FDA approval of the drug. 1) Most of them cant sell. MMs cant get their shares cheaper and the people who can sell dont want to sell until it reach above .03. So MMs have to take this to that level to fill their short position. 2) Most of them cant buy either. So the lower Mms take this they are just playing among themselves. They have to come out of it for sure to cover. 3)Because of FDA approval of drug, they are going to be in danger once the pending case is resolved. 4) If the case is resolved company has to pay dividend as they promised.
Am i going to see this as a 7-9 day green run. Most of pennys and OTC's recently ran 7-9 day green. Is it time for PMCL now??