Maybe some "news" has leaked? Don't know what that news might be unless it's: "Fourth quarter might be worse". But I thought that was understood months ago...nothing new there.
Still, weird behaviour for a stock that lost money to go up in price on the news...then crash?
I don't see any signs they are folding...not yet. And a buyout would be a good thing most likely. But I doubt anyone would want to buy at this level. Let next months earnings push it down further. I could see this company getting taken by someone who has the cash and sees an opportunity due to the hole this company dug for itself.