SHORT SELLERS have been working it down from the $3.77 intra-day high a few days ago
It's easy to do it with a nice bankroll, and is very profitable. Just drive it down, they caver the short with cheap stock. The stock closed yesterday at about a 50% Fibonacci retracement fro the run up. The lowest I see this going intra-day is $3.01 - the Golden Rule Fibonacci retracement.