Not sure who "They" are that you refer to, but I do know the market took it down because this is going to take a while... the company is gone, never to come back... this is an empty shell looking for a new owner and that takes time... but as stated it will become a Reverse Merger stock and then it will re javanite back into some, its all a matter of what and when.
But people who bought in at 04 and up to 08 are not sticking around, they will just take the loss and after the 30 day wash sale period ends they may jump back in.