Technically, there is someone selling in order for someone to be buying. :-)
That said, I don't see this getting interesting until price is back at 30 cents (current 50 Day MA). The spread between the 50 Day MA and 100 Day MA is starting to tighten and could potentially cross (which could be bullish). Peronally, I bought more shares on July 1st at 27 cents, so I'm looking for at least a few cents higher than that to make it worth my while. My guess is that there are others in a similar situation (those that bought pre-earnings).