RimbusDon't get me wrong, you're obviously a smart person, but you are not looking at this stock the right way.
First, these public reports everyone likes to quote are just the tip of the iceburg, and using other companies who failed in the past as a model is pointless. There is much more happening behind the scences that nobody is aware of. Frosts advisors, who are much smarter than us, wouldn't say "the stock isn't going anywhere but hey stop selling and buy a million shares @.062"
The company could have sold, closed the doors, and BODs could have walked away with some good coin. They didn't. I don't think anyone would stick around if there was a possibility for failure.
Looking forward, I agree analysts targets of $1.00+ is absurd, but this has every indication of reaching .50 by year end. Take all the PR, positive and negative, throw it out the door and cruch the finacials. This company is starting fresh. Valuate it properly and you will see for yourself.
With volume at @ 100M+ everyday, its pretty obvious its just getting flipped. When the cash injection was annouced last week, the price spiked then dropped. Again people making a quick buck. But what caught my eye was the size of the buys. Big players starting to jump in.
Now, I would agree 100% with you and start running for the hills if I notice resignations of directors, BSX selling their shares, and margins starting to decrease. Neovascs most important finacial metrics are all pointing up and have increased significatly TTM.
Seeing past the noise of speculation, and using logic to look forward does wonders for investing :)