Falling markets keeping sellers from hitting low volume bids. In the meantime low interest keeps the stock from staging any real rally mode.
Studying price history over the past few months seems to point to the sellers being those who exercised the $0,70 options from the old 8K offering, since short interest is virtaully at zero volume change for at least 3 months. As it is the percentage of short sales vs the market cap is almost immeasuarable. 248k vs 38.8 million shares outstanding.
The poor liquidity and low price allows for high but dollar wise percentage gains or losses.
If and when the great turn around anticipated by the bulls does come about and volume gets into the miliions of shares on a daily basis, then we could see substantial upside move. Until the buy crowd that seems to consists mostly of the infantile and no money buyers posting here is taken over buy astute traders and fund speculators who are let loose should the share price climb to over $1.00 a back and forth play in a narrow trading range is what we can look foward to.
In the meantime the long term loser on both sides of the trade can keep posting looney tune nonsense and fooling no one but himself.
No problem. Another consideration is the fact the the numbers for Q2 are due out tomorrow and the time for conjecture will end with the release of the figures. As another poster pointed out projections for Q3 and the year end will have more of an affect on the share price going forward than what they accomplished in Q2, unless their report shows a disappointing performance with respect to cutting costs and showing a revenue growth.