Not sure why this would fizzle as you put it Bear Bait. The buys were later in the morning when it started to soar, volume was 20 times that of the average.
It may pull back a few cents but those that bought later this afternoon are going to wait and see a little I think. The float is at 91 million, what might be a concern is if they release some of the other 98.5 million shares to raise capital, that would sink it somewhat for sure.
That being said total authorized shares at about 190 million is still a small number for a company that has a market cap of a little over 1.5 billion.
I am in at $2.45 so not worried at all here, lots of potential gravy to be served.
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