Yes, you can bring up lots of penny stocks that flew on news and even those with huge floats. I am not denying that a run can happen here, but nowhere close to the claimed book value some are claiming. Fact is, this stock is a serial diluter and has a very long running track record of doing so, then screwing the shareholders with a huge R/S. In addition, it is being diluted with new shares conversion as we go, so there is downward pressure on any upward momentum that is happening. This downward momentum and dilution appears to be a fact of life here for the long term with over $700K in CD's out there. These debt holders do not care what price they convert at, so whenever they are able, they are more than willing, even is we go to the sub subs.
Short term you will have your swings for good profits, but in the long run, it appears their intent is to allow the debt to be fully converted into diluting shares, rather than using their claimed profits to pay down the debt, which most likely means another big R/S down the road in a year or so.