You are ignoring the fact that .29 or higher is needed by LP’s financiers to dump more shares to bag holders. It may be loading. Will the likes to Ex, LC, and others double down too and ride it all the way back to low .20s in a couple of weeks?
A good shape for sustainable movement today would be gapping up at the open (8-10%), consolidating a few million shares around 5%, then running back up over 10% and higher in the afternoon. If this really is a run targeting Jan 15, I imagine it would look like that - and could have us pushing $0.40+ mid month.