It is the computer. Why would a market maker bother with a seventy five cent stock? There is simply no interest in TranSwitch stock and the computer just trades with itself trying to pull suckers in on both up and down moves. Think about it, today the total dollar volume at the closing price was $81,222.75. That is chump change. As I have opined before, nothing will change until we get real volume in this stock and that will only come with substantive news i.e. no "design wins" just revenues and some reassurance that this company will survive.
As HDplay appears to be gaining momentum with 70 plus customer design-ins (a number of whom have multiple projects) I think the biggest factor hampering the share price is not only the failure to sell the patents, but the Big Talk from both Ted "potentially ten's of millions" Chung and then Ali on it happening before the end of the year and how it would solve investor concerns on both the cash position and dilution of shares.
Both could have kept their mouths shut and/or been far more cautious in their statements but weren't....so now it is an open question on dilution (drivel from Ali on caring about shareholder value aside) along with those Nasdaq notices on delisting make TXCC a stock to avoid for most sane people.
In addition, share prices for firms like SIMG pretty much suck right now also, it just isn't the Switch....along with keeping in mind that perhaps some of the firms who signed Non-disclosure statements on the patents may also be in talks with management on more than just the old patents....keeping in mind what Rich Lynch talked about last November....various things may very well be going on.