The share price got hammered because there is no end in sight...

The share price got hammered because there is no end in sight for the rot in revenue. It's quite simple. You can say it's falling because people are selling, but the reality is the top line of the business continues to erode away and there's only so much cost-cutting that can be done before that EBITDA gets eaten into. Don't get fooled by the supposedly low multiple it's currently trading on. That's what the market refers to as a value trap..

And "T/O target" is merely a holder's way of trying to feel good that someone out there might value the company at more than what it's currently worth.