Interesting isn't it?? Someone is inhaling everything under $2, yet there is apparently still an "unlimited supply" at these levels. You say weak hands, but this has been going on for months now as we have sunk through every support level - constant selling to the bid. We are pretty much at 52 week lows, yet lots of shares here still available under $2. Who can possibly have this many shares to sell at under $2?? I am more interested in who is selling at this point I think than who is buying. There has got to be more to it than "weak hands", or traders buying and selling for a nickel.
All you out there who keep digging around looking for some dirt or smoking gun to nail LPH with - why don't you spend a little time looking for the reason why this is trading in such an odd fashion.
Who is to say that new institutions aren't buying in now as the price per share is stupid cheap? The volume has been very high lately and the price isn't tanking like the fear mongerers are hoping. All in myopinion.