If there is a shareholder meeting. That announcement was a pump. Look at the volume after the announcement. Steve needed to dump some of his convertables.
PNCH has broken out on the charts(why??) That is little concern to a chart follower, PNCH target is .005 in the coming days(best not to read all the posts here & watch the chart)
PNCH chart about to move hard to the upside, everyone should average down, PNCH will see higher prices going into the shareholder meeting: