The issue is that the Market does not seem to trust whatever NQ says. NQ needs to close some deals before the Markets treat it seriously. In fact, if it can really sell FL to Qinghua then NQ will be at $10 easily.
Because no buyers, and shorts take the advantage to pull down the price with a few shares to scare the the retail longs like you. Wait a little longer, or even better, buy more shares at the lower prices. We all will be handsomely rewarded.