RE:Massive bids at 63 cents gone.There might be several explanations for that. If indeed there is an institutional buyer, it might simply have been his attempt to accumulate shares quickly. Finding out that there is no large seller, it certainly makes sense to take this bid away and accumulate again shares slowly, at potentially lower prices. Obviously there is also the possibility that the buyer has changed mind, which should not be the case if he is institutional. I was myself an institutional buyer and when you do your research and make up your mind about an investment, you don't just change that in a matter of a few days unless the share price completely move away from you. Mason Graphite is not a stock for short-term traders, simply not enough liquidity.
There should be an announcement with regards to the pilot program shortly.