11 cents....makes cents.lots of support in the 10 cent to 12 cent range. Pretty much as low as Steve could go to give away shares to insiders. A reward to his close friends and buddies.
Very common to see a jr. micro cap company hand out a ton of options near rock bottom prices. CUV proves no different.
With news expected as early as the end of the month, although most likely May for material news, it was just a matter of time before a boat load of options were handed out. Hopefully a base can start to form in the 10 to 12 cent range ahead of positive news. There is a lot of potential revenue streams close to bearing fruit for CUV. That should move the stock price closer to 20 cents than 10 cents.
I figure this was done to avoid a PP at these low prices. Had to appease the insiders that were funding the APP develpment and application and license costs. Although further delays will no doubt require a PP by the early summer.