chart, page-31

This is a strong correction, but the stock is still in a strong long term up trend.
I don't see how you could expect it to reach $1.50.

My TA tells me to expect strong support at $2.90.
We may get an overshoot if momentum is strong enough, but I can't see it getting to $1.50 while nothing else is capitulating.

There was strong insto support for the placement at 3.40.
Some of those instos are likely to want to add to positions at significantly lower prices.
Others may decide to support the price if their position starts to look increasingly bad.
Others will buy for the increasingly strong value being offered.
It's not all selling.
Smart money will be soaking up some stock.
Fundamentals do win over technicals.
Panic selling is an opportunity for others.