Red ... some things to note. in the past 30 days there have been 3 times as many shares traded at .07 than .08 and even more at .075. On 3 occasions in January it traded above .08 (jan 23, 26 and 27).

In reading your post, i couldn't figure out why anyone... even a seasoned trader would be happy dumping all their shares at an after tax break even just for warrants. I guess in these markets anything is possible and in the absense of volume ... assuming they were able to trade at all ... "cash out before you're potentially" stuck for months ... then another thought hit me.

market makers know the best way to sell is into volume, and they also know that until Feb 18 they cannot participate in any huge trading action on PP shares. So, if they throw up a wall (with shares they bought at 7 cents, they can almost guarantee (in the absense of news) that the stock will trade in a channel until they are able to participate in any uptrend.

... any other ideas?