An interesting price movement in USA?...

An interesting price movement in USA? https://finance.yahoo.com/quote/GMMVF?p=GMMVF&.tsrc=fin-srch

M Cap $348M? The SP equates to equivalent of AUD$0.035c per share pre consolidation. About 9% of IPO range low.
Shareholders deserve an explanation of what is happening and where to from here. Seems the US marketing plans are on hold. The major issue which has concerned me for sometime is the entry of big players into this segment.
Google buying Fitbit suggests we are against very deep pockets. While the Fitbit products do not compete in GMV market directly they are certainly moving that way. With Google money driving development best GMV can hope for is an offer from one of the other major players in the sector. Current management seem to have no strategy to drive value into the business for shareholders.