There is no other explanation for this... many people held onto this stock in the $4 range - just a few weeks ago. The more it drops, the more these people are wanting to get out for fear it is retracing back to $4 again.
I don't think the dilution machine is an option, because Frost would not allow that. Someone is buying alot of shares cheaply...
I say they can make $5 million EBITDA in 2013, which should give them an enterprise value of around $50 million... or around $8.50 per share. That is what I am hoping for.
Quarter 4 is going to be a bust, because of the enormous expenses associated with their effort to uplist and the legal costs associated with the Frost agreement.