There was nothing reasonable about it. Morpho went low because they knew Implant wouldn't make it without that TSA order. I believe Morpho thought they had a pretty good shot at it, too.
We are where we are today because of that ordeal. The only thing that went wrong for Morpho is that we established ourselves with that order and now will probably sell to someone with deep enough pockets to withstand any of those games (I agree with other that prices should go back up a bit once the consolidation is complete).
The only thing I can't understand is why Implant seems to have lowered the unit price the 2nd time around.
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