auditor egm, page-9

Lower volumes are not good if Convertable Notes are in place
At current prices 2.6M shares a day need to be sold by the convertable note holders.

The problem with convertable notes is that selling, capping of the share price is relentless. This creates negative sentiment, and the whole cycle feeds on itself.

To support the selling of 2.6M shares a day from convertably notes you probably need an average daily turnover of 20-30M to absorb the shares.
If the share price drops to 2c. That becomes 3.7M shares a day to absorb. You will need an average turnover of 25-37M to absorb these shares.