Re: "The smarter people?"
With only 1 million shares traded we'd have to say there aren't many smart buyers. I keep thinking about the 400 million shares not being dumped. Who's not selling? Few are trying to get their share of that 48 million dollars, at 12 cents a share.
Did the others just mentally write their losses off? Or are the big guys holding on because they actually know something we don't?