Truthfully, the 8K didn’t release anything that wasn’t already known. Lots of dumping from fear and typical day trading. If you’re going Long, the goal is to see the Q officially drop and the phase II trial funding get underway. This stock has been moderately volatile the last month just from being a typical OTC . Reorg plan was approved and they are coming out of bankruptcy with common shares in tact. It’s worth a long hold just for those reasons.
Not everything is as it appears in the OTC. Don't trust anyone. Not even yourself, depending on your experience so far.
You may not believe it but the so-called bashers have had more accurate information on some aspects of what is going on here. A lot of it gets deleted believe it or not. Ask yourself why.