That is becuase we all loaded the boat and so did the 144 investors. Not much left at this price. Up 5% on 600,000 trades???? LMAO! We are about to see what this stock can do in the next few months. Get ready it is coming. Looks like even the 504 seller is now holding tight. JMHO!
A few months back you were saying the exact same thing around .008. Then you were saying it @ .01, now its .0125
What you "cant figure out" is relatively easy to understand if you study WNBDs historic trading patterns... as well as other stocks.
Supply/demand dictates movement... Right now there is supply @ .0125 and demand below it. It will eventually move in the direction that is overpowered...
IMO the ODDS are favorable for news in the near future, which should attract the demand to overcome the supply @ .0125. Without news theres just not enough interest in WNBD right now. Its really that simple. This is how most ALL pennies act... Theres also no reason to sell with all the positive events coming. So we are at a stalemate for the time being, but this could change at any moment.
Low volume while holding near the recent highs is bullish... Shes just waiting for a reason to run, but this wont magically happen without an EVENT/CATALYST to entice buyers to get in quick at the Ask.. Until then, buyers will continue weaken the wall @ .0125 by slowly absorbing all the available shares in this trading range on the Bid... Just like they did before we broke .011 weeks back. Do you remember all the comments made about not being able to break .011?!
Even tho WNBD isn't currently running for massive gains, shes trading stronger than ive ever seen. Shes ready to break .0125 at any time IMO.
I think it has to do with two factors. One, the lack of Current Status and failed NA launch a few years back which is keeping those who have heard about us on the sidelines. And probably more importantly, most investors just are not familiar. That's the only conclusion I can come to.