I think we're both right.
With the expected news flow to come and it is getting close now, most holders aren't willing to sell at these levels.
As case in point, it briefly hit 3.4 cents today. The most interesting thing is it was a 2 buck trade that knocked it back from 3.9 cents to 3.4. You read that right; $2 bucks.
Unsurprisingly, buyers were waiting between 3.4 to 3.2 to eagerly snap up the cheapies that also, unsurprisingly, weren't forthcoming.
Who does 2 dollar trades when it costs you at least 10 bucks in trading fees?
It came across as a fishing trip for any loose retail holders who aren't paying close attention. Yet no sellers were forthcoming at all - just like the last time it was dropped down to the mid 3s on low volume.
To the contrary, someone(s) was willing to pay overs and buy at 4 cents.
It's fairly obvious there is a larger player - a pro - accumulating, and he's been paying between 3.9 and 4.8 cents to accumulate millions of shares. Today's action suggests to me they might not be finished buying.
Until they are, imo it remains accumulation time under 5 cents.
GLTAH
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