I'd say because any news about CLX and Paso merger has gone silent. When you ask Bruce he says he hasn't heard anything new from JG. Bruce say's most recent news is out there. And everyone here knows we haven't heard anything for what, 6 months? If this happens it it fly up in price.
This was sub 2 cents a short while ago. Additionally, it could be some dilution, or retail traders who bought fomo on Friday cutting positions (some had unrealistic expectations of paso DA announcement right away lol).
Either way it’s all good. The timeline illustrated was by end of Q4 2020..... that’s less than 10 days away..... I hung around on sidelines keeping a close eye on filings / updates / pr / price action. Decided to start scaling back in Friday (still working on getting to position goal).
Most OTC investors are used to flipping or swing trades. Even longs don't usually hold for such an extended period of time. PASO is out of their comfort range and most are bored with waiting. They figure there are better uses for their money while the waiting is going on. They plan to jump back in when there is news, which will help propel the stock up when there finally is news.