Imagine being the poor sap who dumped Exide at the low to buy this OTC stock with no cash
Talk about adding insult to injury. Several folks must of made that move to drive this up. No other reason for the spike while they scramble for last minute financing. The best you could hope for here is 20 cents within 30 days once financing is announced. Some people just can't sit on cash for a minute though, afraid of "missing out", classic sucker move.
Jeez, if you have to buy into this Petersen OTC pipe dream, wait for the dilution people, can't be more than a few weeks away at this point.