So in theory once the S1 is filed and approved - assuming it is - the stock should react. I guess sometimes it's difficult to accept that the market isn't exclusively made by positive growth and tangible progress. My father has played the market for over 45 years and he has always told me the things you mentioned about manipulation.
You have to understand how either deceptive or ignorant this statement is.
The company entered into to two agreements. You can see this in the 8k filing on 1-23-2020. The first was a purchase of stock agreement. The second was Registration of Rights agreement. The RORA will funnel into the S1 registration. Its ok to be critical but don't pass off "investor club or the street" as your evidence when neither would make this ascertain.