According to an article,
Cereplast, Inc. (CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, generated approximately $300,000 in new revenue during the last two weeks of January 2013. These orders received are in addition to the $500,000 of new revenue that was announced on January 23, 2013.
The Italian Application Decree, which mandates that companies discontinue the use of traditional plastic bags in favor of bioplastic bags or other alternatives, continues to drive demand for the Cereplast Compostables(R) blown film grades. The new orders were fulfilled utilizing existing inventory and were paid in advance of shipment or within conservative credit terms.
It appears that the Italian market and possibly other markets for bioplastic bags will require greater quantities than currently required.
I find the price only moving 5c since Jan 18, 2013 with many days of very high volume disconcerting. Without reading the SEC docs, it's almost impossible to ascertain the reason(s) it hasn't moved higher. imo, the price should be higher based on the news and TA.
There are two open gaps, one on Tuesday (0.0285-0.03)) and one on Wednesday (0.042-0.04510). They will provide support, but they may be closed.