HK/ chinese money is flowing, they have enough cash from ASNOA too
Didn't take into account the options that expire july 2017
Still $1.6 million is not due for 4 months if they can keep the share price above 3 till then,
may even force some people to exercise early and then sell to lock in profits which equals more downward pressure.
bit of caution still warranted I would think , and A CR is still a strong possibility to tide them over.