Could it be just due to the bank transfers? Today some failed too and the transfers may have happened sooner in anticipation of announcement? I just can't seem to buy into conspiracy theories. And if so, if they will bring it down more, I will add more into mine, no kidding. Which of the $50 pfds I could lay my hands on and place a limit order around $1.00 on monday ? If it fills up great, if it doesn't I don't care.
I think it's the market. If you want to buy, it's over $2, if you want to sell it's $1.50. Somebody was buying, now they "take profits". There is no market in the middle. $1.50 is good too. I bet you the offers at $2.50 showed up to book 10% recovery, that's why it dumped like that.