Even the ask is under 30 cents now! And yes, it very easily could rise above 30 cents, temporarily, just like it did when we first fell under 80, 70, 60, 50, and 40 cents.
Maybe IMSC long term holders are now learning that just getting contracts and increasing revenue is not a good enough reason to buy and own a stock? Maybe? Actually, in my observations, a $1 decline to under 30 cents is still not enough to drive the point home.