Interesting Bid/Ask today (29th)Its still morning and 61,100 shares have traded. The very interesting fact is that the Level 2 quotes, show a further bid of 62,000. sh @ .50 while the ask is down to 34,000. at .53
I would expect there to be a meeting of minds somewhere between this spread and expect the total shares to be traded today to exceed 100,000. sh.
Typically there has been an overhang in the market of probably 60,00 shares or more at the ask for weeks now, and that is what keeps tamping down price, to remain at he .50 to .53 cent range.
Perhaps some activity prior to the meeting next week?