.50 bottom has held twice before. Insiders bought hard at .52 to keep above .50 knowing that when they did a 1 for 10 split stock would stay above 5.00 . They knew months ago this was coming. The plan to be over 5.00 to get the institutions on board has been in the making for sometime . This is part of the plan. Phase 2 results are what this company is about. When that news is out, institutions will be able to buy , causing shares to run like crazy. Then a dilution at much higher price or a sale of company will come . Either case this is part of the plan. Results are the driver and the plan is in place . They must know preliminary numbers are good and they have to have the shares ready at a non penny stock price to take advantage of surge that will come . This CEO is not stupid and I do not think a #$%$. The Vatican did the due diligence on her and NBS ,they know more about this company than anyone. They would not be associated with NBS without it. Vatican would not partner without knowing its a winner.
I've experienced two R/S lately. Both followed the event with some good news to soften the blow. My latest one was CYTK. What are we to expect early next week? Management had a reason to pull the trigger now. I agree the plan is carefully laid out.