I doubt that "the .40's are right around the corner"
Unless something pop's up, there was no reason for the selling. Just people selling.
Too many positives.
Other people also think that the selling was for no reason.
Tens if thousands of shares traded at .60 in after hours trading, and it finished the session at .60
The option market lighted up. Calls being bought in all the Nov, Dec and Jan markets, which, as has been pointed out, doesn't mean diddly, just that some people are guessing that good things are on the way. But there wasn't 'put' action taking place. So option players don't think that the stock is going to go down.
So unless something has taken place that we don't know about, the stock shall rise again.
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