Its not waiting for potential good news just waiting for news. That's the key nobody nows if the news will be good or bad. So it's a bit risky. And I think there are many stocks that act this way, people keep waiting and the people that are tired of waiting, they sell. It can go both ways here so everybody has to decide if they are willing to take the risk.
Don't understand the people who keep spending their time on the board, just to say how dead this stock is and how mucht of a POS this stock is.