no news is comming , they are probably in quiet period pending the earning release.
They had there chance, but hopefully they will lie up a good story in the earning release, which is not going to pretty but most stretches of the imagination. High cash but rate and so forth, that why they needed money...
In order to truly go up we need some volume and we aren't getting much of that. After the shoot up, dilution and then the poster incident; it's gonna take something to get people back and then the volume back.
All - there is nothing wrong with this stock. It is quite simple. There was an offering in which insitutions received common and warrants. This is called a PIPE (Private investment in Public Equity). Whenever institutions do a PIPE, they ALWAYS put on a short position to hedge the long exposure. This is what has been going on. Plain and simple. Once this is done, the pps should move up to at least the levels of the offering - i.e. $1.35.