That morning the pre market pps was artificially propped up over 0.06 + because "they" needed it to open higher so they could dump their pre planned sells all knowing that it would create a landslide, triggering stop losses and panic by novice traders. They created a dumping scenario so it could be accumulated right before app release. These three actions caused it to be where it is now.
Because of this, people are now reluctant to buy into the company