Blame management
They basically said nothing to look forward to until the end of April. They haven't given ANY reason for a long to have confidence, but there was a glimmer of hope in the last update. That's not enough for the catalyst/short-term traders, but the believers, whether in the company or the end markets (I side more with the latter at this point), probably stick around at least at this price.
They should have had a response to the reverse split issue by now.
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