Not so sure there was news that leaked- this stock always goes down around earnings release (or lack of same) long time followers have seen this for many years. Pretty sure the short is pounding away to add to the selling pressure also.
I see the "flamer" is back and for those new to this board this is either the 6th or 7th company he has come up with that will put MXWL out of business. I have had him on ignore for the past two years as his posts are always the same and usually wrong. No one knows why he keeps posting on this board other than he wants every one to think he knows more about the battery industry than any one else.
MXWL history of CEOs not good. Potashner CEO in late 90s and promised the street the moon and when didn't deliver stock got crushed (see 1998 chart). Next CEO Balanson who thought top line was the way to go and destroyed profit margins by giving product away. Next up was Schramm who put everyone to sleep when he talked. Not sure about Fink but Canaccord Genuity took position in stock with investment thesis Fink could land an auto deal. This was after Canaccord took a position years ago and bailed after SEC debacle for bribing Chinese. All this could be reason stock can't get out of it's own way.
Terrier- your first post captures exactly what is happening in MXWL and has been happening for a long time. I have been trading this stock since late 1990's and it has always carried a large short position in excess of 3 million shares back to 1990's and IMHO it is basically the same institution that is short. The 64$ question is do these new players have the fire power to scare this long time short ? The players in the past Piper, Needham, Ardour et all have not been able to do so and this short has had the chance to cover in $5 to $6 range on at least 4 occasions going back to early 2000's and has not done so. Time will tell.