It's understandable that the bagholders don't want to sell below .30. It hurts, but this looks like a slow bleed down.
i completely understand. Support lines just getting shattered one by one. I knew this would happen though. It was just a matter of time.
The wash trades will be undone.
99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.