RE:RE:RE:RE:RE:RE:RE:Letter of Intent (LOI) with Acquisition Target with $14 MillIt is probably related to a private placement at the end of December (i.e. 4 months ago). I think the shares were priced at $.23 which would explain why $.24 seems to be the floor. I am assuming there were (cheap) warrants involved, which the 'fund' intends to ride on the way up (vs holding the 'more expensive' shares).