i4c6s..........I agree with you. Although techisbest has a very plausible theory as well, I think your theory is more applicable in this instance, due to the reasons that you cite.
Time will tell the true tale, however.
As for pps. Look around at some of these companies who have had 5, 10, and 20 or even more multiples of their pps this year. Some have achieved this, once again, on press releases of promises only.
Given this current environment, I am starting to think that anything can happen to our pps after we close one or two substantive deals.........and quickly. Including the achievement of a $1.00 pps.
Would never have thought such a thing earlier in the year, but the stock market has changed dramatically, and there is no reason to think that FASC couldnt benefit at least half as well as some of these others.