It is sad but the MM are just taking out the stops. The shares were up all day until the last hour or so. Even stayed around breakeven until the MM wanted to take out the stops at the end of the day. This is why you saw the sudden volume surge. May have taken out all the margin shares today, although not sure how many would be left since the shares have been under $3 for a bit now.
Every reason to be #$%$, but it is not trading on reason right now. But the company needs to say something. Maybe tomorrow.