You need to read my full post, not just the first few words....you would have seen that I wrote this:

"The way RVX is trading tells me that this isn't a point of concern".

$1.20 or thereabouts is incredible when measured against all publicly available information we have concerning the company's financial state.  I see only two possiblities for the surprising strength in the PPS and Market Cap.

On one side it could be that there are a lot of market players, both shareholders and those buying, who are simply gambling that Resverlogix will come up with the money to keep going forward or that something like a licensing deal or buyout will materialize.  In other words it could be based purely on speculation.

On the other side, it could be that there are players with better insight into what's going on behind the curtain than the bleacher bum crowd....causing them to hold/buy, thus providing a recoginziable support level for the PPS.