Dude this stock is up 70-80% on nearly 80 million in volume, its one of the most read boards on this site, and others. It was trading all day at 150-200% even.... Sure there are going to be some people who try and day trade this and cause the PPS to go up and down, just looking to make a quick buck.
Keep in mind this is litterly on the worst day ever for the DOW, and a day that the entire stock market was halted, hasent happened before in my life time!
Plus the company wanted to cash in on this moment and they did another stock offering which lowered the PPS for a short while.... but it also helped raise a TON of cash they can dump right back into more research.
From what I see typically the PPS always settles around 3-4 times the stock offerings.
IMO this is going to hit 10 easily, maybe 15.
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