We are moving up shadow, i know its been said before but IMO it really is just a matter of time before we move and hold above 1.00.
I do believe this should be fairly valued well above 1.50.
Why are we not above 1.50 right now? Couple factors including probably a seller (private placement holder) into a market with limited volume. Because its not as liquid as a listed secuirty, these sort of sellers can have a greater impact on shareprice.
With that said, they are moving this up in a nice trend and i beleive we will be above 1.00 within the next 5 trading days IMO.
Furthermore, the more volume we get the fewer these PP shares get reduced down too. And i can just imagine who light this stock will get when there are no more of those shares left in the coming weeks and the buyers beging buying the ask right up in search for shares.