Take all of the positives with hedge funds, Chardan and merger out of the equation (just temporarily).
Focus on that 3.4 million CNWHF float. Now here's a stellar example of how any form of news can move a low floater: Near 1,000% pps increase Friday on ticker RBNW which has an 11 million float (more than triple CNWHF). The stock ran from .0082 to .094.
<<<--Just a parallel comparison of low float stocks.