I certainly don't think there is manipulation happening here. I'm not aware of any reason why there would be. It was obvious when the price came back from $1.30's to $1 that it was being driven down.
Having seen some of the trading activity over the last week or so, it appears that there is 1 (or perhaps 2) relatively large sellers exiting. Why they are exiting is a good question, but more than likely just covering their backsides in a very volatile market.
I certainly hope that the results Neptune releases on Thursday are at the very least on track with their forecasts, otherwise it could trigger another sell-off.
And for the record, I'm pretty sure their EPS forecast for this year is now about 4.2 cents, not the 7-8 cents previously stated. This is simply because of dillution from the issuing of the new shares.
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