I disagree. People perceive their investment is going down the toilet. It's not a loss until you sell it. The value of the company is so volatile because of a lack of sales data or any real information for that matter. If you believe, then there's no reason to sell unless you're flipping.
Fat lady hasn't sung. In fact, nothing has changed in the last couple of weeks. So people's investments are only going down the toilet because they're letting it happen. The fact that this was at .05 and is down to .0175 has no bearing on what the company is doing moving forward.