I can guarantee this will be over the 200 MA next week. This will be somewhere between .05 - .10 heading into the 30Th. After that it is a simple binary event.
!) they get the deal and the share structure and anticipated revenues will drive the pps., initially to a .25--.50 valuation.
2) The deal does not occur and then, we all know what happens then.
Now that's the spirit. When $48K is invested in a sub penny I get perked up. That is all I needed to see or I would have cut my losses and run to the next hot ticker to make it right back. I saw another one formed an excellent bottom and rebounded 30% yesterday and decided to camp out here rather than go there as this one in my view has super upside potential with all the buzz surrounding the merger that is in BusinessWeek ( Very likely to be true from third party). I am tempted to pull some of my TD Funds into my E-Trade Penny account and drop some more on this one. This has the feeling of a life changer....This is not only my opinion...I bounced the DD off some good reputable playas and they concur...