Very true TECHNO53 but you CAN NOT support a stock price of $1.10 a share on fluff and no financials ! I have never witnessed it in 40 years of trading the boards and I would almost guarantee it won't be happening here.
If you want to provide me with a stock symbol where their has been stability in PPS for a period of time without financials at a PPS over $1.00, I would be more than happy to retract the above statement. I just do not recall ever having that happen.
Just does not work and the shareholders or lack of shareholders will back up that statement in the reflected PPS of the stock.