Regarding NNVC and the definition of CAPITULATION [a horribly used, over-used, and totally misunderstood word by some posters]:
Webster's
1: a set of terms or articles constituting an agreement between governments
2: a : the act of surrendering or yielding, b : the terms of surrender
Example: Her sudden capitulation surprised everyone; she usually debated for hours.
Investopedia, (as an investing term)
When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into less risky investments. True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling.
Example: Following revelations that major banks had practiced predatory lending, investors, many of whom had enjoyed long gains during the financial boom, capitulated with a stampede for the exits.
Further decline for NNVC's price from the 40s would not be "capitulation." If anything it would be capital preservation.