re: price action
I think the last dip here is, as others have conjectured, probably just normal in-and-out trader action. End of the year influences (tax selling) -- portfolio cleanout - in this case might end up being like cleaning out the attic and accidently throwing out a valuable antique. Then seeing it appear on antiques roadshow for a zillion dollars. <g>
Another thing that can happen though is that some hedge funds (or people with similar capability) can utilize a little trick of selling to drive the price down with the idea of scaring investors into thinking that something is wrong when in fact there is no news and no change in the story or fundementals.
Current conditions of low float, low volume, end-of-year, low overall market sentiment, most traders likely preoccupied elsewhere... these are ideal conditions on which to "piggyback" manipulative selling. (one place to read about this sort of thing is ex-hedge fund manager Cramer's "confession", though there is a lot of discussion around on the topic if one looks for it)
Usually the target is a nearly bankrupt company to begin with trying last resort "toxic financing" that is tied to share price = massive dilution. The scheme involves (using shorting - naked and otherwise) to get the share price so low that equity based financing becomes impossible and the company actually does go bankrupt. Once that happens the short sales no longer need to be covered. Especially handy in regard to naked shorting (with no intent to cover).
MOSH is a different animal altogther (no dilution) but may have been grouped in with all the little riff-raff companies. Since there can't be a whole lot of free floating units around, with the thin trade, MOSH's price can likely be moved with a typical fund managers relative risk on the level of their "loose change". if they decided to. I'm not saying that's the case here, but is something to keep in mind.
Another clue is the appearnace of boiler room "bashers". I didn't think we rated just yet but with the recent message deletions... are they starting to fit the bill? e.g. repeatedly post bizzare, totally off topic, or emotionally inflammatory stuff to disrupt discussion. Some people consider their appearance to be a positive (contrarian) indicator. Not always, sometimes they just hasten the inevitable with a truly cr*p co., but theoretially, if the investor has done his DD, has a better chance of telling the difference.
This could get harder and harder to hold as time near future event point(s). I wouldn't be surprised for a nasty dip as a last attempt to cover or grab shares right before a big "surprise" announcement. Still could go either way, or result in another postponement...
The lottery ticket model isn't a bad one. One doesn't sell one's lottery tickets just before the big drawing. But it is also generally wise not to buy so many one starts losing sleep over it. With court and legal findings in play, won't really know till we know.
