Seems like everytime some nice buying comes in, there is someone there to sell off shares. Doesn't matter the volume. Could only hope that these are warrants being exchanged and not some sort of market manipulation.
Doesn't the company have shares left that they can sell into market to raise capital? I thought they did. If the stock is strong they could be doing that. There were also plenty of share sold at .06 to .16 that could need to be taken up if profit taking was on the menu. Might as well sit tight unless the stock shows serious weakness, which it hasn't. Resistance is at .21 so it will likely take some time and heavy volume for days to push through.
Personally, I think it's just an undiscovered company. They really don't do road shows, so how is their name getting out there? I just happened to find this company looking at random companies on the OTC board. I just don't think many people have heard of them yet.