the ibox says the float is only about 50k less than the o/s and that is as of 5/15... Wouldn't they have to make a filing to increase the o/s if they wanted to introduce new shares into the market?
I think today consisted of a lot more churning. The pps held well at .0004. From what I remember, the first time it broke back down to .0003 it was on like a 2000 share trade ~= .60 cents, probably mm's or a trader trying to get cheap shares to follow. It stuck there for a while and didnt entice any selling and the 4's were right back. I think the end of day 3's were the same thing, to give an impression of a downward direction going into tomorrow to pick up some cheap shares. I think we held strong all day, and we should see some good things coming up the next couple days. Once this churning is done, and people realize there aren't any more cheap shares left, we should see a nice run up.