I believe the recent drop is because of news that Kasian Franks is serving as CSO for a new division, Pimovi, of CHAG. The bashers try top say this states that Franks is not committed to Mimvi and that he is taking intellectual property away from Mimvi to give to Pimovi. However that is total BS as Franks is completely dedicated to Mimvi.
Also, people were expecting a spread in this months Entrepreneur Magazine but that did not happen as Mimvi is still negotiating with EM about whether to have just an online article, a spread in the magazine or both. Also, I believe the spread is now going to be larger than at first planned and I guess that is because Mimvi has much more going on.