Good strong traders will not risk parking capital at the ask, if the company does not indicate that they will not dilute into the uptick. Shorts are ready at ask to kill the buyers at ask, if and when company sells shares in multi-millions. They did it with 892m shares till just before the 10Q.
Going forward from today, Mr. Khoo has to reassure that this will not happen, by saying that he is funded by other means. Then buyers and shorts will chase the ask raising the pps. Lets see what the next pr or rumor is.