Seems like it’s being held in a range. I tried to sell a small amount into the bid once and could not do it. Shares might be even tighter than they seem.
That type of weird trading has been taking place ever since I started buying in January. Even down in the .10 range it was so sporadic and tough to get shares. They kept the spread super wide to discourage buying.
I can only imagine the current supply of shares is extremely limited and they want some type of control on the upward climb. If the MMs aren’t careful the trading could get out of control and get too high too soon. I firmly believe it’s controlled to allow certain people to get in and accumulate decent size positions.
With only 6.65 million unrestricted shares this will pop like a champagne cork.
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