" I don't understand why the PPS is so low. "
If you had been following this stock and the trading of it, you would know that the price has been artificially held down by a constant attack by shorts. They have shorted about 700,000 shares since the middle of January. Yet, the share price is a nickel higher than it was back then.
"This should be trading at $5 with the fda approvals."
Without this manipulation it definitely would be selling closer to $5 than to $3.
"How low can this go? "
It depends on if the shorts continue to throw good money after bad. If they do, it could go down another .25. On the other hand if they get smart and throw in the towel, we will be up to $5 in a flash.
Seems like the risk/reward ratio is highly in favor of REWARD.
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