Most longs have already bought much higher, so there is limited buying interest. An ask of 30,000 just sits. Who knows what will trigger short covering or a fund interest buying in absence of news. Till then shorts can just keep shorting this lower.
It seems to me they are walking it down so people can cover and buy at much lower prices. The short interest keeps falling, we had their shill on SA write four negative articles in 6 weeks when the price was about 1.87 a share. If you can stand the pain and lack of information then you hang on. Being on the pink sheets is like the wild west as there really is no regulation and they can literally put the price wherever they want as there is little volume and we exist in an information vacuum. This really is frustrating.
If you were/are a long term holder and liked the stock at 1.87 then this price is a gift. If you believe the fair value is significantly higher then you should keep buying shares.
Seems though that those that believe this is a strong buy are not willing to buy or are being swamped by those who have a stronger belief that the stock is worth less.