Market cap today (MC) today is $10.3 million more than on 5/9. Is this "real investors" buying in realizing NBS's potential or a set up by the mm's to drin money out the back door? If a true investment then we may see a breakout shortly. The test was apparent. I'm hope the numerous conferences attended by management this month will paint a better picture in order to solidify confidence in their business plan. We have seen run-up's like this before only to fall and see investor confidence bail out.
I don't know. Like many here, I've experienced run ups only to have them whisked away from under me. I'm in NBS based on the fundamentals, not technicals. In saying that it would appear that there has been a lot of accumulation since the offering. Not to mention the offering itself was clearly a sell out. Time and patience will tell. I expected, but haven't seen any SEC filings regarding new institutions coming aboard as a result of the stock offer! Perhaps they are still accumulating or perhaps it only is filed at the end of the month?