Ann: Quarterly Activities Report , page-15

Although I don't think this is the case, someone could be trying to exit a reasonably large position. As this is not a very liquid stock, they are resorting to a bot to offload it without raising too much alarm.

However I will bet my right nut that it is the smart money trying to grind the price down to spook other people into selling and thereby acquiring more shares than they sell on the cheap.

Quite obvious with the way the bot kicked in around 3:30pm on Thursday and massacred the price.

Good to see 40c hold too. We are right in the buy zone so that may have been low enough for some.