haspete -
No argument that the fall from $2 is a shocker. The problem is that's backward looking.
You also commented "about to get a lot worse".
Given that is has fallen from $2 to 10 cents, I think this is the part where some additional comments could be useful.
My interpretation of the chart is that there has been a long slide down a very narrow channel from 10 cents down to 3.5 cents or so, and then in the last couple of weeks a breakout. So in my view it's looking very positive looking forward.
All that stuff prior to the first time it touched 10 cents is irrelevant - it's a completely different game now, so the 200 day MA, even the 50 day MA are all useless.
BB
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