My view was, that the price is being held down by institutions to get a "cheaper PP" and more "bang for their buck", when PRB reveals it´s "real potential".

They (the PP institutional investors) are not that much worried about dilution compared to an increased revenue for their investment.

Because it´s not a big difference (from a dilutional standpoint) to issue 4M shares @ $1.50 for $ 6M cash or let´s say 2M shares @ $ 3.00 for $ 6M cash.

But you get an extra $ 1.50 for every share if the price is rising above the $ 3.00 level post PP.

Bottom line: price is "manipulated" to get in on a "cheaper PP", that was my reasoning !

FANTOMAS