Yes, it was a ridiculous paint job, but there are some folks that been "loading the boat" since the teens. Likely a few divorces and for the remaining longs, it's cheaper to paint the close with $100 then listen to the wife bitch about yet another drop in the stock account.
I think the stock will be halted before it hits the obvious bottom of $.0001. Looks like most of the insiders have dumped their shares and Auryn is slowly unloading theirs, with the operation idle.
Hopefully most have taken losses along the way and are not stuck with thousands of dollars worth of losses when it collapses.