when there is toxic financing -which thankfully NNLX does not have- the convertible notes etc can often be converted at as low as e.g., 30% of the lowest trading price within the previous 10 or even 20 trading days -which gives such holders incentive to manipulate the pps down temporarily in the preceding10-20 days to receive their shares at the lowest possible pps
the co's which specialize in such toxics could be very good at such manipulation and must make a fortune even without such -taking advantage of desperate co's