every uptick is met with a downtick to a new low today. why, you ask? because they can. its a thinly traded $3 stock. they are challenging a real buyer to come in and its not happening. see ya at $3, and if it gets there its going lower yet.
It looks like support was found around $3.50 so I don't think it'll get that low. I wouldn't be surprised if it hit $3.00 though. Book value is at $2.39 btw. This stock will find support once the market conditions improve.