That's a good question, but not a single reason will suffice. My belief is that some bought in, never learned about the company (only looking at the SP) and got out. Too many people are essentially "sheep" following runs. When SP moves rapidly, they jump in, buy... sometimes to make a quick flip, others hold without any idea why they bought in the first place. They eventually sell to move on to the next hot stock and lead to the decline in SP.
What we have seen is a residual effect of some folks that just don't know what they own. SNDY IS in a great position financially. The long term outlook is staggering. National/International partnership to sell their products would be a tremendous boost to a company that is currently operating as a profitable (or near profitable) point. Then we have the CE Mark approval (and schedule) which also shows it's right around the corner.
As mentioned in a previous PR, SNDY is poised for tremendous growth in 2012. We'll see that, right now the SP isn't where it should be (and yes I'm aware we're more than half-way through the year). As the above is released, the SP will undoubtedly rise along with it. Some people have the patience to invest in what they believe in, others don't. I believe the products are ahead of their time and needed to diagnose cancer before other technologies can. Imagine the lives that can be saved if only this technology became widely adopted.
I believe that this company is headed to new highs and will make a difference. It's why I'm here and why I'm invested for the long-term. I've done my DD and I'll be here as the above transpires.
GLTA
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