My efforts notwithstanding I don't think there is much retail investor interest in Resverlogix....and when the volume is light I suspect that most of the trading occuring is in fact retail.  I do believe there are larger players (perhaps retail but with much deeper pockets than most) who are building positions....and volume kicks up when they move in in my opinion.  In this thesis these deep pocketed players are what I'll call 'smart money players' and in my view they're acquiring what they can at these lower prices....and when they start buying in quantity, that's when we start seeing the PPS jump.

If my view is on the money (or close) I think they're looking at pretty slim pickings right now....and I do think they might be putting a foot on the PPS by taking out any small piker buy orders by going short.....well guys imo its time to take the foot off and let her go again.....I don't think you're gonna get many more shares unless you start buying and pushing the PPS up.....

Again, its a thesis....and if correct then I would imagine the smps are hesitant because a climbing PPS will attract attention and possibly competition for a finite number of available shares.

Now I've written my post....gotta check and see if we're still trading lightly.  Yep, less than 4K on the main TSX in the first 15 minutes.