It is speculated that the extremely high volume was due to the fact that pre-reverse split shares were being sold into the market, driving the price way lower than it should have been. If this is true, those shares must be bought back, shooting the price much higher than it is now.
Some believe this may be like GBOED, so there may be a lot of upside do to the fact that brokers messed up on their end, not the fact that we have an amazing company or the chart looks nice here.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.