Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-126

It crashed because Magnis got cocky and thought they could do better than the professionals. How hard can it be to build a cell factory?
Really really hard.
For years Magnis just released BS feel good anns, and the SP stayed up. In fact the feel goods pumped it each time then it fell back.
Then they actually committed to do something. It turned out the emperor had no clothes. It was always just smoke and mirrors.
They lost the farm. Down she goes...