It's not happening at 9:15am EDT, when most news-related gaps usually become evident. That means traders will have to fight their way back to yesterday's $0.90 high against the tide of doubters and profit-takers that take advantage of the sometimes langorous workings of the Joint Development Authority and its governing Joint Ministerial Council.
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ERHC On The Move has prepared a draft of the awards story we will publish when news breaks - with appropriate modifications - and you may request that draft for informational purposes by writing me at amreporterATaolDOTcom.
Update, 4pm EDT, 4/27/05: The bidder blinked, and moved to $0.85 as the Ask stayed at $0.855. The last price appears to be $0.85. a $0.03 gain for the day. The final volume was 1,530,700 shares.
Update, 3:57pm EDT, 4/27/05: With three minutes to go, and awards likely to be announced at noon Abuja time tomorrow, ERHE is positioned at $0.855, with the Bid at $0.832 and the Ask at $0.855. Volume is now 1,475,700 shares, a deep step down from Monday's.
Update, 3:51pm EDT, 4/27/05: The Ask moves back up to $0.855. The price is $0.835. Volume is unchanged.
Update, 3:50pm EDT, 4/27/05: The price drops to $0.835 and the Bid to $0.83. The Ask stays at $0.85. Volume is 1,468,700 shares.
Update, 3:48pm EDT, 4/27/05: The Ask drops back to $0.855. Volume and price are unchanged.
Update, 3:45pm EDT, 4/27/05: The price is back to $0.859, while the Bid lags at $0.835. Volume is 1,467,400 shares.
Update, 3:44pm EDT, 4/27/05: The Ask moves back to $0.85, and so does the price. The Bid is up at $0.845. !,452,900 shares have traded.
Update, 3:42pm EDT, 4/27/05: The price is $0.84, the Ask, and the Bid has dropped to $0.835. Volume is still climbing at 1,441,900 shares.
Update, 3:38pm EDT, 4/27/05: As the close nears, the price is $0.845, the Bid, and the Ask is $0.85. Volume has surged to 1,422,900 shares.
MBREAKING NEWS: Researchers at UCLA have just announced a breakthrough in tabletop fusion, and the results will be published in the science journal Nature and could have major implications for oil drilling technology, they said.
Here is the Associated Press story:
Researchers Say They Achieved Nuclear Fusion in Tabletop Experiment
By THE ASSOCIATED PRESS
Filed at 2:48 p.m. ET
LOS ANGELES (AP) -- A tabletop experiment created nuclear fusion -- long seen as a possible clean energy solution -- under lab conditions, scientists reported.
But the amount of energy produced was too little to be seen as a breakthrough in solving the world's energy needs
For years, scientists have sought to harness controllable nuclear fusion, the same power that lights the sun and stars. This latest experiment relied on a tiny crystal to generate a strong electric field. While falling short as a way to produce energy, the method could have potential uses in the oil-drilling industry and homeland security, said Seth Putterman, one of the physicists who did the experiment at the University of California, Los Angeles.
The experiment's results appear in Thursday's issue of the journal Nature.
Previous claims of tabletop fusion have been met with skepticism and even derision by physicists. In 1989, Dr. B. Stanley Pons of the University of Utah and Martin Fleischmann of Southampton University in England shocked the world when they announced that they had achieved so-called cold fusion at room temperature. Their work was discredited after repeated attempts to reproduce it failed.
Fusion experts noted that the UCLA experiment was credible because, unlike the 1989 work, it didn't violate basic principles of physics.
"This doesn't have any controversy in it because they're using a tried and true method," said David Ruzic, professor of nuclear and plasma engineering at the University of Illinois at Urbana-Champaign. "There's no mystery in terms of the physics."
Fusion power has been touted as the ultimate energy source and a cleaner alternative to fossil fuels like coal and oil. Fossil fuels are expected to run short in about 50 years.
In fusion, light atoms are joined in a high-temperature process that frees large amounts of energy.
It is considered environment-friendly because it produces virtually no air pollution and does not pose the safety and long-term radioactive waste concerns associated with modern nuclear power plants, where heavy uranium atoms are split to create energy in a process known as fission.
In the UCLA experiment, scientists placed a tiny crystal that can generate a strong electric field into a vacuum chamber filled with deuterium gas, a form of hydrogen capable of fusion. Then the researchers activated the crystal by heating it.
The resulting electric field created a beam of charged deuterium atoms that struck a nearby target, which was embedded with yet more deuterium. When some of the deuterium atoms in the beam collided with their counterparts in the target, they fused.
The reaction gave off an isotope of helium along with subatomic particles known as neutrons, a characteristic of fusion. The experiment did not, however, produce more energy than the amount put in -- an achievement that would be a huge breakthrough.
UCLA's Putterman said future experiments will focus on refining the technique for potential commercial uses, including designing portable neutron generators that could be used for oil well drilling or scanning luggage and cargo at airports.
Update, 3:23pm EDT, 4/27/05: The Ask has slipped to $0.854, and the Bid is better at $0.85. The price remains $0.859. Volume is unchanged in a Mexican standoff. Awards remain imminent and no one wants to sell at these prices.
Update, 3:19pm EDT, 4/27/05: The price is $0.859 and we're up $0.039 on the day. The Ask is at $0.858 and the Bid at $0.85. Volume is at 1,384,500 shares.
ERHC On The Move has prepared a draft of the awards story we will publish when news breaks - with appropriate modifcations - and you may request that draft for informational purposes by writing me at amreporterATaolDOTcom.
Update, 3:12pm EDT, 4/27/05: The price is back at $0.86, the Ask, while the Bid stays at $0.845. Volume is steady at 1,377,700.
Update, 3:10pm EDT, 4/27/05: The Ask imporved momentarily to $0.86 but fell back a cent to $0.85, as the price remains at $0.845. The 3:15pm "witching hour" approaches. With awards a certainty tomorrow, we think, these last 45 minutes will set the platform for tomorrow's explosive action. Volume is 1,376,700.
Update, 3:03pm EDT, 4/27/05: The price has slipped to $0.845, the Bid, while the ask is at $0.85. Volume is 1,341,700 shares.
Note: We apologize for any technical problems you may have epxerienced in the past half-hour that made it difficult for us to post.
Update, 2:59pm EDT, 4/27/05: The price is now $0.85, after hitting $0.863 briefly, and the Bid is back to $0.85 and the Ask $0.863. Volume is 1,313,700. This final hour of trading is critical, we believe, as it sets the stage for awards that will be announced no later than tomorrow. It may be the very last hour when shares are available at less than a dollar. We've had 2,125 visioters today but only $8 in income from clicks. Yesterday's record revenues were $64.68 at midnight, with 3,600+ visitors hitting the site.
Update, 2:55pm EDT, 4/27/05: With 1:05 to go, the price has wavered between $0.845, the Bid and $0.863, the Ask, hitting $0.865 for a minute or so. Volume is 1,304,300 shares. The President has endorsed nuclear, coal and hydrogen energy in a long speech that seemed antediluvian until CNN lost the signal. He also wants to drill in the Arctic wildnerness, but didn't call for reduced energy consumption by Americans. Ex-DOE official Joseph Romm tells CNN afterwards the speech was a "bait and switch," since the Republicans have sternly opposed mandates for higher-fuel-efficiency vehicles he says we have the ability to build. But the President sees a day of "zero-energy homes," meaning energy-neutral homes that produce as much energy as they need. Sound like cold fusion to us! :)
Update, 2:30pm EDT, 4/27/05:The price is $0.845, and the Bid is $0.835, moving to $0.845 x $0.855. Volume is 1,295,800 shares.
Update, 2:28pm EDT, 4/27/05: The price has slipped to $0.85 as the President speaks, and the Bid is lower at $0.84. The Ask has also slipped to $0.85 on volume of 1,268,800 shares.
Update, 2:32pm EDT, 4/27/05: "Technology is the ticket to better energy independence," the President says, as he starts to talk about the impact of high gas prices on small businesses. "Why don't you lower gasoline prices, Mr. President?" a soldier asked him in Crawford recently. "It's a problem years in the making," the President responded. "The most important thing we can do today is to address the fundamental situation of our energy supply," he said. He doesn't appear to have a solution, or the will to impose one if he could. He calls on Congress to "pass the legislation necessary to reduce our dependence on foreign energy supplies." The biggest part of that is "transformational technology," he says, employing a novel phrase. "One of the most important new sources of energy is nucklear power," he says, apparently preparing a plea for "more of it here in America." He says more than 35 nuclear plants were stopped since the '70s, and there is a need "to reduce uncertainty in the nuclear power regulatory process." More plants, less supervision?
It seems like a plan that will go over as well as his Social Security reforms.
Update, 2:22pm EDT, 4/27/05: We're back to an $0.855 price, but the Ask is back to $0.86 while the Bid remains at $0.855. Volume is 1,252,700 and appears to be picking up speed.
Update, 2:17pm EDT, 4/27/05: The price moved back to $0.865 as volume hits 1,226,700 shares; then the bid dropped to $0.855 and the Ask to $0.86.
Update, 2:15pm EDT, 4/27/05: The price is lower at $0.86 but the Bid is higher at $0.86 and the Ask remains at $0.865. Volume is now 1,201,700 shares.
Update, 2:13pm EDT, 4/27/05: The President is beginning a speech to the Small Business Administration, which CNN is covering live. Hopefully, there will be good news for motorists on gas prices.
Update, 2:09pm EDT, 4/27/05: 1,200,000 shares have traded, and the Bid and Ask are unchanged.
Update, 2:08pm EDT, 4/27/05: Finally, some price progress again: We're at $0.865, the Ask, and the Ask is $0.855. Volume has crossed 1,151,300.
Update, 2:05pm EDT, 4/27/05: The price is up to $0.85, and the Ask to $0.855. while the Bid is at $0.85 again as volume stands at 1,070,200.
Update, 1:59pm EDT, 4/27/05: The price has improved to $0.849, the Ask, while the Bid stays at $0.84. Volume is a slow 1,047,700.
Update, 1:52pm EDT, 4/27/05: Criticism of me on Raging Bull's ERHE message board for saying that the Sao Tome delegation's arrival late Monday night was due to their reluctance to attend the meeting before the Block 1 money was paid. Stockhocker70, lying again, suggests that I have changed my share count. It has been 123,040 since last November. kobiashi, a Sarasota-based investor, thinks I am making up the friction betwen the two countries. He apparently doesn't read Portuguese; the Tela Non and Vitrina sites would have let him know exactly how the Sao Tomese felt.
Update, 1:41pm EDT, 4/27/05: The price is back to $0.84 and the Ask to $0.849, while the Bid is better at $0.84. Volume is building slowly at 1,024,800 shares. At 1:18, with 260 trades accomplished, Buys were gaining ground again over Sells 544,254 to 457,144 with 6,450 unidentified.
Update, 1:23pm EDT, 4/27/05: The paint is dryer... .
Update, 1:16pm EDT, 4/27/05: The paint is dryer... .
Update, 1:13pm EDT, 4/27/05: The smallest price spread of the day, a tenth of cent, separate the $).838 Bid and the $0.839 Ask. Volume is unchanged, and the price is $0.839.
Update, 1:08pm EDT, 4/27/05: Price slips to $0.839, while the Bid and Ask are $0.83 x $0.84. Volume has hit 1 million, at 1,005,800. The Raging Bull message board is absorbing the news reported here at 9:30pm last night, that the JMC meeting started late due to the late arrival of the Sao Tome delegation. That was occasioned, we believe, by their adamancy in waiting for the $123 million signature bonus fee the JDA finally received Monday morning. When that Block 1 money came, so did they.
Update, 1:06pm EDT, 4/27/05: The Ask has blinked, falling to $0.839, while the Bid remains at $0.83 and the price at $0.85 on no new volume.
Update, 1pm EDT, 4/27/05: We go into the afternoon trading $0.03 higher, at $0.85, but the Bid remains at $0.83. Volume now at 995,849.
Update, 12:58pm EDT, 4/27/05: Back to $0.85! The Bid is at $0.83, and volume has climbed to 987,848. if there are now awards, we probably will close below 3 million shares. If there is, we may not go as high as expected until tomorrow, when we would probably do 10 million.
Update, 12:56pm EDT, 4/27/05: The Bid is weakening again, to $0.83 while the Ask stays at $0.85. Volume is up 2K to 981,848.
Update, 12:53pm EDT, 4/27/05: The Bid is $0.83, while the Ask has moved up to $0.85 again, as the price stands on neutral ground at $0.84. Volume has moved up another 25K to 979,848. We're not sure if anyone is still expecting awards today.>br>
Update, 12:51pm EDT, 4/27/05: The Bis has improved to $0.83, and the Ask remains at $0.84. Current share price is $0.82. Volume has moved 1K to 954,848.
Update, 12:48pm EDT, 4/27/05: The Ask slipped to $0.839, the current price, while the Bid stayed at $0.82. Volume is 953,448.
Update, 12:46pm EDT, 4/27/05: The price is $0.84, the Bid still at $0.82, but the Ask's lower at $0.84. Volume is 951,099.
Update, 12:41pm EDT, 4/27/05: A gut-wrenching drop in the Bid to $0.812 lasted a few second and it bounced back to $0.82 as the Ask moved up to $0.85, producing a $0.03 gap that is near the largest of the day. The price is $0.84. raders are staked out on both sides of the issue.
Update, 12:39pm EDT, 4/27/05: There was a very quicjk turnaround on no volume, with the Bid improving to $0.845, but it's now slipped back to $0.84. The price is $0.845, and the volume 942,698. Someone may be hearuing something from Abuja.
Update, 12:35pm EDT, 4/27/05: Some improvement in the price, up to $0.84, and the Ask, to $0.85, and the Bid, to $0.84. Volume is 937,198.
Update, 12:30pm EDT, 4/27/05: The Bid inched up a tenth of a cent to $0.813, the current price, and the Ask is still fixed at $0.825. Volume has passed 903,998.
Update, 12:23pm EDT, 4/27/05: We do not yet know if the Joint Ministerial Council has emerged from its meeting, as there is no one to report that development. Trading is in a state of suspense for the moment. At 12:08, Buys were ahead of Sells
391,529 to 356,759 shares on 208 trades, so sellers are narrowing the gap by about half of the levels a half hour ago.
Update, 12:21pm EDT, 4/27/05: Back down to $0.812, the Bid, as the Ask sticks at $0.825 and volume moves up to 878.863.
Update, 12:20pm EDT, 4/27/05: The Bid is back down to $0.812, and the current price is $0.82, as the Ask slips to $0.825, on volume of 874,363.
Update, 12:16pm EDT, 4/27/05: We're coming back now to $0.83, a half cent above the Ask, while Bid is slightly higher at $0.815. Volume is 846,238.
Update, 12:14pm EDT, 4/27/05: Discouragement is sinking the stock to $0.812, the Bid, while the Ask is also lower at $0.82. Volume has climbed steadily to 833,738.
Update, 12:09pm EDT, 4/27/05: Okay, the Ask is back to $0.83 and the price to $0.821, while the Bid remains $0.82. Volume is 754,738.
Update, 12:08pm EDT, 4/27/05: Selling looms, with the Bid now $0.82 and the Ask $0.825, and the price at $0.825 on volume of 748,473.
Update, 12:05pm EDT, 4/27/05: Time for lunch on Wall Street, time to go home in Abuja. News, if it comes, will probably be doing so within the next 30 minutes or not until tomorrow, the date originally reported by The Punch of Nigeria in late March. The price has slipped to $0.83, still better than yesterday's close, while the Bid is at $0.825 and the Ask at $0.83. The volume is now at 727,473 shares. As of 11:41am EST, Buys outpaced Sells by 110,000, with 369,029 Buys and Sells of 258,869 shares, with 6,450 unidentified.
Update, 11:58am EDT, 4/27/05: With 2 minutes to closing in Abuja and no news yet, the price has slipped to $0.84, the Bid to $0.825 and the Ask to $0.845. Volume is steady at 680,649.
Update, 11:55am EDT, 4/27/05: The price is slipping to $0.845, the new Ask, and the Bid is lower at $0.844 as awards do not materialize. Volume is 660,848.
Update, 11:52am EDT, 4/27/05: Just 8 minutes now until the close of business in Abuja. We might speculate that the late arrival Monday night of the ministers from Sao Tome may have delayed the awards by a day, which would mean they could be announced now. The price is $0.85, the Ask and Bid unchanged at $0.845 x $0.85, and volume slow at 658,348.
Update, 11:48am EDT, 4/27/05: The Bid is up a tenth-cent to $0.845, while the Ask falls a half-cent to $0.85, on volume of 654,348.
Update, 11:45am EDT, 4/27/05: At 11:24am EST, on 169 trades, Buys outpaced Sells 343,000 to 233,000, with 6,450 unidentified. Investors are buying, but no one one wants to sell.
Update, 11:42am EDT, 4/27/05: Just 20 minutes until it's 5pm in Abuja, where wire service news reporters are on "red alert" waiting for an award announcement, according to SwingingK. The price is $0.85, after the Bod falls to $0.844. The Ask remains at $0.855. Volume is 634,348.
Update, 11:39am EDT, 4/27/05: The price is back to $0.855, but the Ask hasn't moved. Volume up 1K at 619,348.
Update, 11:37am EDT, 4/27/05: The price is now $0.85, but the Bis and Ask are unchanged. The close of Business in Abuja is 24 minutes away. Volume is pushing slowly upward to 618,148.
Update, 11:33am EDT, 4/27/05: The price drops back to $0.85, but the Bid moves up $0.006 to $0.85 as the Ask remains at $0.855. Volume is 585,473.
Update, 11:29am EDT, 4/27/05: The price is at $0.855, the Ask, and the Bid still at $0.844. Volume slowing at 583,473.
Note: We misreported a 100K trade at 11:06 - sorry!
Update, 11:23am EDT, 4/27/05: Oh, those courageous buyers! They've upped the Bid another tenth of a cent to $0.844, while sellers have frozen in fear at $0.855, the share price. Not so fearful, though: Buyers outnumber Sellers by a healthy margin as of 11:05am EDT, with 159 trades and Buys of 330,774 and Sells of 231,969 and 6,450 unidentified.
Update, 11:18am EDT, 4/27/05: The Bid dares $0.843, another tenth of a cent, while the Ask and the share price stay at $0.855. Volume is unchanged.
Update, 11:17am EDT, 4/27/05: Screwing their courage to the sticking place, Bidders move up a tenth of a cent to to $0.842, but braver Askers now want $0.855, the current price. Volume is 582,343.
Update, 11:15am EDT, 4/27/05: The Ask has moved to $0.855 while the Bid stays at $0.841, with the price still at $0.85. Volume is 580,343.
Update, 11:13am EDT, 4/27/05: Admiral Balsey quoting the great Joseph Conrad and loneclone is going on about Scylla and Charbydis on the Raging Bull message board, so we're as loony as the trading today. Some things remains the same: the price, at the $0.85 Ask, and the Bid, at $0.841, and (almost) the volume, at 572,193 on steady trading.
Update, 11:06am EDT, 4/27/05: Buys are well ahead of Sells at this point, so investors and the market agree good news is likely soon. With 151 trades recorded at 10:47am EDT, Buys of 298,074 lead Sells of $231,969 with just 6,450 unidentified.
The price remains at $0.85, the Bid at $0.841, and the Ask $0.85, on volume of 569,193 at 11:06.
Update, 11am EDT, 4/27/05: The paint is definitely getting dryer. We're at 560,893 now, and the price is $0.85, while the Bid has moved up to $0,841.
Update, 10:58am EDT, 4/27/05: A 10K trade leaves Bid and Ask unchanged at $0.84 x $0.85 on volume of 548,393.
Update, 10:55am EDT, 4/27/05: No one is selling, and no one is buying; 100 shares traded in the past few minutes. The price remains at $0.85, the Ask, and the Bid at $0.84, a cent higher. Volume is 536,893.
Update, 10:52am EDT, 4/27/05: The price is still at $0.85, and the Bid is slightly lower at $0.83, while the Ask remains at $0.85. Only 400 shares traded in the past few minutes, so traders are expectant, anxious and waiting with their breath held as news of awards remains to be heard.
Update, 10:50am EDT, 4/27/05: The great lability of ERHE is very encouraging today. It means that we can move in either direction at a moment's notice. Just five months ago, it sometimes took a million shares of volume to move the price one cent.
Update, 10:48am EDT, 4/27/05: The bid moves back up to $0.83, and the price hits $0.85, the Ask, on 536,493 shares of volume.
Update, 10:47am EDT, 4/27/05: The Bid falls to $0.825 and the Ask rises to $0.85. You can have it both ways here! Volume is 531,493.
Update, 10:45am EDT, 4/27/05: The Bid has imrpved half a cent to $0.835, the current price, while the Ask stays at $0.84 and olume reaches 529,993 in slow trading as investors still await news. It's 3:45pm in Abuja: Do you know where our awards are?
Update, 10:35am EDT, 4/27/05: Trading is stop-and-go as investors remain tentative awaiting awards. Price still at $0.84, the Ask, while the Bid remains at $0,.83, and volume has changed only 500 shares to 511.993.
Update, 10:29am EDT, 4/27/05: Still at $0.84 with volume crossing 511,493 shares. The Bid is lower at $0.83, the Ask unchanged at $0.84.
Update, 10:24am EDT, 4/27/05: The price is at $0.84, the Bid at $0.835, and the Ask at $0.84. Volume is 487,343.
Update, 10:19am EDT, 4/27/05: The price backs off to $0.835, the Bid, while the Ask stays at $0.85. Volume slowing and now at 489,343.
Update, 10:10am EDT, 4/27/05: The price is $0.85, the Ask, while the Bid remains at $0.835. Volume at 474,343.
Update, 10:05am EDT, 4/27/05: No news, but lots of sound and fury on Raging Bull's ERHE message board as traders try to make sense of the wild swings today. The price has improved to $0.855, the Ask, while the Bid languishes at $0.835 on 471,343 shares of colume.
Update, 10:05am EDT, 4/27/05: The $0.84 price leads the $0.835 Bid, while the Ask improves to $0.855. Volume is 469,774.
Update, 10:03am EDT, 4/27/05: The price is back to $0.825, below the $0.83 bid, while the Ask stays at $0.854. Volume has reached 420,274.
Update, 10am EDT, 4/27/05: orangeandwhite0 says they've seen white smoke and the bells are ringing outside the Joint Ministerial Council conclave. Price is off at $0.84, while the Bid has come back to its senses at the same price. The Ask still at $0.855 on volume of 386,274 shares.
Update, 9:57am EDT, 4/27/05: No basis for the low Bid that we can see. The Ask is staying higher at $0.855. Volum is 353,274.
Update, 9:55am EDT, 4/27/05: Backing off $0.001, the Ask is at $0.859, the current price, and the Bid is $0.8110 again - that's not a typo! Price is $0.85, so we've got a hell of a gap.
Update, 9:52am EDT, 4/27/05: We're at $0.86, up $0.04. with the Bid at $0.65 and the Ask at $0.86. Volume is 321,674, and ERHC On The Move has made $4,921 on our portfolio of 123,040 shares in the past five minutes.
Update, 9:51am EDT, 4/27/05: Here we go! Price is $0.84, Bid is $0.83 and Ask is $0.84 on 279,674. It hasn't taken much to improve us $0.06.
Update, 9:50am EDT, 4/27/05: Now we're at $0.821, with the Bid higher at $0.828 and the Ask at $0.83. Volume is 272,174.
Update, 9:48am EDT, 4/27/05: Now trading at $0.82, the Ask, on volume of 266,465 - up $0.01 on a 1K trade.
Update, 9:46am EDT, 4/27/05: Moving now, with the Bid at $0.81 and the Ask at $0.82. Volume is 262,265, so it didn't take much to move it.
Update, 9:45am EDT, 4/27/05: 15 longish minutes have brought the Bid back to $0.80, while the Ask stays at $0.81 and volume hits 255,665.
Update, 9:43am EDT, 4/27/05: We're at $0.81, with the Bid, Ask and volume unchanged.
Update, 9:40am EDT, 4/27/05: Progress! We're back to $0.80, with the Ask now at $0.81, so we've got a $0.025 gap with the Bid at $0.785. Volume is 243,665.
Update, 9:37am EDT, 4/27/05: Price is $0.79 now, on 202,265 shares, with the Bid and Ask unchanged.
Update, 9:34am EDT, 4/27/05: We've climbed back to $0.795, but the Ask is only $0.79 now. The Bid's still at $0.78, and volume at 181,015.
Update, 9:31am EDT, 4/27/05: 126,265 trade in the opening minute, and the price is $0.78, $0.04 off yesterday's close.
Update, 9:30am EDT, 4/27/05: We're off further at the start, to $0.78, with the Bid at $0.78 and the Ask at $0.795, as 52,480 trade out of the chute.
Update, 9:28am EDT, 4/27/05: Bad move: the Bid has fallen to $0.80 and the Ask to $.085. News will find us lower than we'd like.
Update, 9:22am EDT, 4/27/05: No gap up, but the Ask has fallen from yesterday's close of $0.84 to $0.83. The Bid stays at $0.82. With the likelihood of news today, we find that odd.
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