No, it's just chart followers trading for monkey-like 3-step downdrag. It will now hover around 8 cents and won't go down much and may trend a bit upward. It's range-bound and these monkey traders just get in and get out with MM leading and misleading!! This happens for other stocks too, especially those like ACTC, where the MM needs action to make his living and the traders theirs for their day-to-day living. This activity drives the movement. Nothing inmportant happening!!
One politician made a comment about enacting some kind of legislation to curtail some of this day trading cream off the top skimming that happens. Of course it will never get done, but it was mentioned in passing.