Probably a few reasons. One he put off audited filings now until late July. two people are converting notes and selling cheap which come from the company directly most of the time, so lets just call it dilution of some type or another. Three they never really give news in PR'S which can be confirmed. Four they have not updated the LA Gov. site with production numbers for Lucy and Travis since Aril 1st. Five, IMO the pull back was healthly for next leg up. We where mostly trading on the hype of Vinces PRS which have not been really confirmed yet, or if what he says will actually add value or liability to this play.
I think as we near the new filing date late July this will again take a little run before news even, until then I think we trend a little south, IMO a good time to pick up shares and get back in. I have buy order in for .011. Check out IHUB board for more info. Not much posting or info here on Yahoo that's for sure. There is still a lot of trash on IHUB but people actually discuss the play there and actually show facts in black and white. Most people who post here are people who got banned from IHUB, SO they use this for a platform to bash IHUB and posters on IHUB which are false and very funny sometimes that this is all they do down here at yahoo boards. Certainly does not give you any real info on doing DD.
technically moving average of .0090 has not been breached yet. If CEO turns out with phony news of rescheduling news again in late July this stock will take a dive IMO to .0050 level. So it is in the hands of the CEO now whether this stock goes up or down now