Until the company becomes an operating company and begins to earn revenue it will never hit $0.60. Once it does become a "real" company it can easily go over $1.00 depending upon it's financials.
The shorters are going to see that it reflects its true value and a company with no business isn't worth much (certainly not 60 cents/share). I can make more $$$ shorting this stock than waiting for the price to go up without any real progress in the company.
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