why the run, page-11

Simple supply and demand, if there are more shares available to sell (or buy) this makes the stock more liquid and easily traded, it does depend on the number of shareholders though and esp how many shares the top 20 hold. The tighter the stock is held the more strain on demand there would be, in theory, if someone wanted to buy it up quickly and you would get a faster move as there are less available to sell.

Generally though the market will only pay what they believe the stock to be worth or what it is anticipated it should be worth. PEN's time will come to really shine and those who don't hold may well kick themselves when they see it boost up. I think once the breakout occurs we will go do the mid teens quite quickly with little to no chance of the stock falling back below 10c.