well, I don't know the correct answer, nobody does. But there are a lot of factors that could have contributed, none of which are verified whatsoever:
1) many pinkers sell on good news (we did see a small move up to .022 that day)
2) the company is diluting
3) the MMs really *are* naked shorting
4) the sentiment that began with a lousy PR when the Progas closing was announced (the non-dangling carrot came a couple days later) is continuing
5) alot of sub-penny folks are still selling shares
6) sentiment surrounding the BrassBulls involvement is scaring people off
7) alot of high-profile members of the boards bailed, and that scared people off
8) bad bad bad PRs prior to last Friday scared people off, but they want to return and are waiting until they see some support to buy back in (which may be happening today, who knows)
9) hundreds of other reasons, I'm sure
IMO
"A one that is not cold is scarcely a one at all" --Strongbad
