I believe news would not only help, but are a inevitable requirement. And not that type of news that gets ignored (at best) by the market, like 100 nm reached, AM on board and stuff like that. It must be news about revenue. Nothing else will do. Well, a partnership announcement perhaps.

This news would have to raise the share price considerably above the $4 limit in order to leave some room for volatility during the 90 day period. What nobody wants to see is trading at around $4.50 or $6.50 for weeks only to drop to $3.99 on day 90.

I can imagine some big revenue news around year's end raising the share price considerably. But unless the it is at least in the, say, $8 to $10 range, PTI might be inclined to do a moderate RS of 2:1 or 3:1 to lift the share price to somewhere between $8 and $24.

All IMHO, of course.