There are too many company specific material accomplishments and pending reports out there short to long term to be a seller unless you're converting for warrants. The 1.50 warrant overhang can be managed within this price range and word from someone at Jory, money has been flowing in for awhile already. The 2$ warrants which expire first and have to be cleared by the end of the month, are far from enticing anyone for the flip at this point, so from that stand point, the price is going higher unless retiring shares is more important for the company than raising funds.

If the majority of the 2$ warrants aren't exercised, I would expect a deal will be in the works to cover the short fall and the controlling interest has more to with it than the company.

Using the initial run up high of 1.84 (.57 - 1.84), we have had 2 major bottoms since. 1 at 1.40 and 1 at 1.55 followed by the latest breakout to 2.15 for an a,b,c consolidation from 1.84/1.40/1.96/1.55 and a wave 1 - 1.55/2.15 sequence over 53 trading days.

The timeline between 1.40/1.55 lows was 32 trading days and the timeline between highs was 53. Call me crazy but if 32 is 3/8 then 53 is 5/8 and we could be moving sideways in a wave 2 before going up in a wave 3 anyday now.