For now, with the dismal daily volume, it does not take alot of cash to move the pps around. 50mil shares is less than $50K. The decreasing volume is a good indicator that the active float has been dramatically reduced. More people own shares for a longer period of time.
Esprit market cap is still at a dreadfully low price. With the current PPS, even if the 11 bil a/s was fully diluted, I believe we are a takeover candidate.
Everyone is very uptight, understandably so. However, I am still looking at an extremely undervalued company....even if we have an IR department that needs more seasoning.
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