I'm still of the opinion that what we are seeing is retail...

I'm still of the opinion that what we are seeing is retail selling, rather than some orchestrated sell down as is being suggested in this forum.

I vividly remember noticing and mentioning the high amounts of cash being invested into this stock when it was trading in the 2-4 cent range, particularly around 3-4 cents. We’re talking about investments of $50,000 to $200,000 at that level, on a spec stock. I've never seen anything like it tbh.

Now, consider how deep in the red those investors are, especially those who bought at 3 cents or higher.

What we’re seeing, in my opinion, is a combination of long term IOU holders finally throwing in the towel and retail investors who bought in the 2-4 cent range either cutting their losses entirely or trimming their positions.

But yes, someone is buying the dips at these levels.