There are two kinds of investors here, people who grabbed a bunch of shares and people who flip. We had great momo on day one, she flew to .0007 from .0001, but the flippers brought it down as quick as they took it up. So now a lot of people that bought in at .0002 are trying to get .0003, and some are giving up and exiting at .0002.
The market makers aren't helping matters. For instance, today I had an order in with Hudson for 1,000,000 at .0002. They filled me with 10,000 at .0002 and didn't give me the rest. They also didn't show my order at .0002 on the Level IIs.