Where is the demand? 900k shares traded in 4 hours on a sub $2 stock. Lack of demand is our biggest problem w/ regards to stock price. No bid but plenty of supply.
The Walls are not put by the warrant holders. The MMs are playing games blaming on the warrant holders. Whoever warrant holders sell at whatever price they want to whether it is 1.45 or 1.40 once they decide they want to sell for profit, they will sell irrespective of the last price; but all we see here everyday is big wall of resistance at the Ask. It is all the MMs game that they are buying big time in stealth mode for their clients or for themselves. They can only do for so long.