Thursday, July 18, 2013 9:17:42 PM
O/S: 3.41 mill share
Float: 2.82
We traded 646k+ shares today. To me it looks like somebody wants in and the shares are limited.
Demand up-limited shares= PPS increase
This company has been strapped for cash so their future was uncertain. They now have cash and it back in play IMO. I believe these factors are ye reason for the sudden climb to a valuation that is proper for their IP and cash standpoint.
Hope this makes sense! Best!
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