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Wednesday, April 14, 2010 12:43:57 PM
Though, my real theory here is that the company wants the price around the .0045-.0055 range when the merger occurs. The fact that the details of the share exchange will be based on the closing price of the day on which it occurs implies that someone has a strong incentive to have the price at a certain location. The last week of trading makes it appear as though the market makers are doing all they can to keep the pps within the said range. Also, whoever was making the larger trades (100k-1mil), seem to have slowed their trading drastically. This might be because they got the price where they wanted it and just plan on letting the pps coast until the merger occurs.
With that said, once we get some news the volume should return. A successful merger would certainly be a positive event, and should give this stock some massive upside.
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