I think the following factors combined to give us the price drop this week:
Silver lost $2 this week
Reverse Split Announcement caused some traders who enjoy the low liquidity bailed
Too much pressure on stock when it was already pushing on its key low 80s technical support
Once it broke through 80 cents we were almost guaranteed to fall to the next support line in the 70-71 range. I bought more on Friday and will buy more if it breaks through this support and falls to low 60s technical support (which is stronger). Barring a positive news announcement, I would be surprised if we don't fall further IF silver/gold continue to fall.
I called IR on the 20 FEB. There is still 44 million of the .41 warrants to be exercised by 7 DEC. I think
the warrants are being exercised, and putting pressure on the stock price along with the other factors. JMO
I knew it had to be the warrants. Because the warrants would be affected by the split. I was just ignorant of how they worked when they are transferred from private to public. I thought the strike came into play in the public realm, which they don't.