I have been reading your 12 to 18 levels for several posts..as well as a few others. I have also read the endless articles formulating PPS all over the board. Of course I wish you to be correct. Not sure on what your formula is.... mines still rests at $ 6.66 due to the triangular involvement of VRNG, GOOG, & JJ... each to one degree or another representing Satin. good luck. in fact.. I hope your guess is correct.
I will say the strong bid in a terrible tape in tandem with light volume sure seems to me guys begging for people to sell. Who in their right mind would sell at $3 when insiders paid $4.35 for over 10 millioin shares. IMO