Problem is that this has a hard time getting past .62. Every time it gets close to .62 it drops. Really feels like it's being held down or something. I read someone on Twitter recently that said they think INO could be hitting the ATM down here.
The daily volume was lower of 500,000 shares. The stock can't move with such volume. Holding this price level with low volume was unexpected, but shows fewer sellers too.
Anyone who ignore the basic technicals can bash like jerry, who predicted in numerous posts 40 cents when pps was at 0.52-0.54, and "enjoy" now the losses of his short position.
They ino are selling at these levels you are correct. This pos won't ever go up. Unfortunately you have bad management that say they are well financed until 2014 but will continue to sell the stock and get paid high salaries, with that money. It's a never-ending process until your investment is no more.