Tell me this, who can afford to lose 60k+ by dropping their price from .2 to .16? If you're wealthy enough to own in excess of 1.5m shares why would you be in so much of a rush to sell at not only a huge loss but now an even bigger loss by selling at .16? Not only that if they had "insider information" which indicated the company was screwed we'd be seeing a lot more shares for sale. Hell if the company really is screwed why not fill all the buy orders down to .01 and at least get something before it's worth nothing.
To me it's obvious manipulation.
GMV Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held