Here's something to think about, in terms of whether the market views them raising the A/S in the coming weeks - the last time they did this, on Dec. 19th, 2008, the stock opened @ .06, hit a high of .11, and closed @ .10, with over 2 million shares traded. That's almost a 100% increase in the price of the stock. The day before it had traded only 100K shares.
So they're voting on it this weekend. The vote will definitely be yes. 5 days later they're doing another issuance of 1K shares of series E preferred + the warrants to Epic. If last time was any indication, we could get a day - either on Friday or Monday or (who knows?) one day soon - where we could see massive volume traded and the stock make a run at its 52 wk high.
It seems like right now a tenuous floor has been established around .17/.18. That's where the bulk of the 10 million shares over the last 2 days have been traded. SOMEBODY'S buying all these shares. So, with that in mind, if there's a day coming up where we actually see some REAL volume (like, 50 or 60 million shares traded) this could really go parabolic and establish a whole new trading range in the .30 - .40 range, which is where it was trading last summer ('08.)
Or it could just drift back down to .10 on low volume, like it usually does. I don't know. I sure wish they'd wise up and release some news on the top line results for the phase III oxycodone CR. That'd be nice. But I guess they're not interested in doubling their market cap overnight.
