I completely disagree. The drop in price had more to do with people buying on hope of the grand PR and then bailing when they got a BS PR and saw they were not going to get rich quick. So fickle are penny stock flippers. YA had nothing to do with it. If it was about YA then the volume on the downside would have been much higher. You can see when YA has been involved and that can be gleaned from 10Qs and 10Ks. When YA dumps they do not pussyfoot around. They are very demonstrative.
Definition: HangDog (noun) - a flea bitten, deadbeat I-hub poster living in an asylum.