Times have changed for the moment. anyone that followed GME would know that. anything is possible now with these stocks and it has little to do with valuations in the short term.
All it will take is a coordinated group to manipulate the pps on up. Not sure you would see a move like GME given the hedge funds would be less likely to play with a non-reporting OTC stock. but They do have an eye out and they were the ones that walked away with hundreds of millions on GME. Get shorty might have been the plan but plenty got burned trying to do it.
Will be interesting to see how it plays out with the SEC investigation of groups colluding to manipulate a stock. (I'm referring to GME!)
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