I would guess that the MM's decided to close it quite down, and were willing to take out any buyers at 1.25 in order to do so. It's quite psychological at this point, the fundamentals are being ignored by potential investors, the MM's are portraying a tanking stock, and those long are tired of averaging down. I've gotten nervous just like everyone else here, so I'll do more research.
If they come out with their 10Q on time, and it's got positive growth and continued earnings, I can't see how the mkt would react negatively. If they are late, you can bet the MM's will take advantage of it, and we will be probably be under $1.
