"One pr from the company rectifying the damage by updating the information to something positive and it rockets back up over $5 imo."
The company raised $3,000,000 by floating 700,000 more shares through warrant exercise. That is, the shares outstanding were increased by 1/3 in order to obtain $3,000,000. At that rate, the company will have to increase its shares outstanding by 10 times, to 30,000,000 plus, just to pay off Karlsson, let alone the other obligations. And that is after the 1:50 reverse split!
That's why the market price is plummeting and why it is not just a matter of the press releases being too bland.
