I've been watching "Time and Slaes" on this for some time.
I can state with certainty that the prices you are seeing are results of large distressed holders aperiodically entering the market, not large numbers of retail investors selling.
Along with John Petersen tracking the volumes seen, there's a million or so (best estimate - could be a bit more or less) that should be fed to the market the rest of this year.
I've been adding small lots as I see the large low-ball offers come in.
The seller got smarter today and it was harder to detect him/her. And they had more patience, so I think you won't see the low $0.3x again - mid-30 or higher would be my guess right now.
Per the latest CC, we can expect some significant positive news in the next couple of weeks - listen to the last four minutes of the botched conference call (there were a lot of callers lined up to ask questions that never got in - myself included - and a list of ~40 questions were ready to go. But TG personally returned calls to all of us that dialed in and requested a do-over and he addressed the questions).
Anyway, I can't say how much the news might move price as long as the distressed sellers are operating, but I do think the range might move up.
For some history, here's the start of the series of instablogs that led to that prior link. Near the bottom of each look for a notification to go to the next and follow the link if you have an interest.
News 
Market Data 
Discover 
AI
