Ducthammer once you dangle the carrot of merger investors are cautious until the deal is done. Secondly without new money from contracts coming there is little to incentive to invest.
I sold today. I don't believe anything going on here other than continued dilution. I took my loss. The closer this gets to any merger buyout, the scarier this gets in my opinion. Paid promoters are back. I am betting another big increase in the O/S. I hope not for your sake.
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