If you look at recent prices you can understand why folks are tired of waiting for PNTV and selling. There are many stocks in the MJ sector that have gained 100% or more all while PNTV has gone sideways. Folks get tired of waiting when there are multiple options performing way better.
Now even if PNTV goes up 100% it really only evens it up with other MJ stocks, the longer they fail the more folks will leave for better opportunities.