Only thing I can tell you is that if you plan to invest in this stock for long term.. the answer is DON'T. Pennystock = gamble. buy low- sell high. Simple as that because after a peak, it will drop even lower than the previous 52 weeks bottom. Good luck
You have traders and investors. Traders try to buy in large quantity in these small stocks and play them for swings and quick profits. That is probably more prevalent with the pink sheets than investing, but in some of these I see longer term investment potential. Right now, IMO the selling is way overdone and based a bit on fear.