CMEY barely has any trading history. Likelihood is that there was no bid support, so the downside was steep...just like runs can be when something first comes to life.
If I was to 'speculate', I wonder whether their former accounting firm was paid partially in shares and dumped when they were dumped. Who knows. All I can say is that CMEY is looking ripe for a bounce in the AM. All those traders will be making sure I-hubbers are aware of this one.