This stock is nose diving because of a combination of factors.
1) The company made some good announcements and seemed like the CEO is trying to develop a real business. It attracted some retail investors and the stock got some traction and started moving up.
2) The company/affiliates/business partner etc sold a whole bunch of shares to 410M total OS from 60+M. That caused it to crash and as folks realized what is going on, potential investors stayed away.
3) Now only bagholders are left (me too). A lot of retail folks are frustrated and selling at a loss to move to other new scams, and it keeps going down.
It is as simple as that.
Eventually it will find a bottom and bounce but it is not going to see any big movement soon until the mess is cleared and the mess may never get cleared. We may see the same song and dance routine; increase OS, sell share to raise money, pps keeps going down, do a RS, keep selling more to raise money and the cycle keeps repeating. The only penny stcok that moves up are where the CEO can create a business and generate revenue towards the goal of making a +ve earning. Otherwise like most pennys this will go down the tube too. Have to wait and see.
Todays Good News for Me: Among many others, I bought 25000 shares of SOMX at $0.55 months ago. Today it went to $4.78 (I am holding for the long haul)
Experience is the most powerful tool in the world !
AI
