RE:RE:RE:ridiculous Not ridiculous at all! When there are wild swings in price, the regulators ask the companies if they have any development to share and the company simply responded no.
If you follow this stock, you'll see, it was pushed down on the scare of the reverse split (look at the board for proof).
I was a lone voice here saying that. They needed to consolidate to not only stay listed but also attract new, larger investors (who don't play with penny stocks).
Investors on this got raped on the way down, at the split and again later. Those who held tight are back at $13 (which is equivalent to the old .13 cents).
Now this thing is out of penny stock territory, we have bigger players coming in because they can buy the stock but could not before. Institutions and large funds can't buy stock that trade below a certain price (sub 10 cents is a wasteland for large buyers).
Now that the dust is settling down, someone should call the company to ask them if they plan to leverage the attention they are getting. If they do, the SP will continue to go up, if they don't, my stop loss is in place...