Bo, I had been thinking that some of the recent selling was caused by short selling, or hedging in anticipation of the SB-2 filing being declared effective.
After looking at the latest short interest figures, I no longer believe in that theory.
It looks like there were some aggressive *natural* sellers in the first week of June, either margin induced or from remnants of the Form 144 notices.
Someone did very well buying those sub $2 shares....that was probably the bottom. I think we need to consolidate the latest up move, so some selling back down to the 2.90 range would be "healthy" for the stock, IMHO.
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