Could be, but when I see no one buying and big price drops, with no news, I suspect that it's more than just everyone waiting to see how much lower the price goes.
It's unrealistic, IMHO, on a stock like JBII, to think that no one has any inkling as to what will be released in a conf. call less than a week away.
If people were expecting good news on Monday, they'd be buying at anything below $1.50. The fact that even $1.36 doesn't seem to be considered a "gift" tells me a lot.