Seems obvious to me the volatility is a direct result of the major shareholder dipute and uncertainity/anxiety it created. I would not be surprised if ABBA had the Manning's account, nor suprised if they took some significant profits by selling large positions knowing they were no longer in control.
But if you look at the big picture, you have to see nobody would waste time or money fighting over crumbs (i.e., a 4 cent company). There's something much bigger at stake imo and we're not exactly privy to it. The insider buy by Vince is a good validation imo.
So it may very well take months for this to pan out and true value reflect in the PPS. Personally, I think sooner than later. You have to be risk averse to invest in any pinkie, but here the risk of being out is we don't know where the PPS will be once it makes its move.
GLTA.