I am suspecting majority bought above 1.30 - 1.40 price of offering. No one is selling at lower at same time buying is minimal cause of the uncertinties of company's future (please go to website for CXM's pipeling and future growth). People will only buy with goof financial or fda approved news. In the meantime mm's are in control cause of low volume and trading amongst itself so pps does not increase. Many shorts are still covering during on the last trial positive results. How long will this go on, my guess is until shorts had accumulate their shares to sell back and pps will run it's normal course. Please remember offering price is 1.30 - 1.40...