I don't believe anything too funky has/is going on....besides a VERY LARGE EGO and POWER trip from a certain person...that should be over and done with in the near future.
What is sad is that some need to sell at these levels for personal reasons. A few could probably hang on ( barely ) if the company would come out and let everyone know what's going on - - - assuming it positive. As a result of the silence , several now feefl Risk / reward at this point suggests BAD news.
For goodness sakes, it's a non-reporting pink sheet company. What-are you going to take a couple thousand other pinkies along with you to the Feds? We must remember what investment tier we're in with this stock.