I believe many of the "accumulators" are here on this board, and things really became active when the PPS dropped from it's last .02 run.
Naturally, during this buying time, volume was very healthy.
And because of CANT keeping the Ask [and subsequently the PPS] low (IMO), many of us who are bullish on PERL grabbed what we could.
On Fri the 18th, CANT was gone and last week the accumulating (and volume) slowed. But because most were BUYS; and with CANT gone, the PPS rose.
I think this week the volume will continue to drop; and the PPS may be affected for better or worse (depending on sell/buys)--- without CANT, it truly is supply & demand. And after that crazy day when the PPS dropped 50% because just 200shares sold, compared to over 400k shares bought, well I'm anxious. I hope we stay at .16 and hopefully flirt with .02 this week.
But I think you're right, it will take a next event (new contract(s), News/PRs, going Current) to really move the stock to the next level. And you saw how this stock can move with any serious volume now (because of the ever tightening float).
I am Bullish and Long on PERL. This "Pinky" is actually creating revenue and has little debt, in an interesting arena. Just as the "mystery stock holder" of 13.5m shares isn't selling until .50-- I too believe the potential is here to reach (and hopfully surpass) that.
Sorry for the long reply, just got home after long day (work followed by play consisting of alcoholic libations, whew-- still a little woozy).
GLTUA!!!
