Just having a quick look at the chart, and it is ugly but at...

Just having a quick look at the chart, and it is ugly but at least the RSI is under 30 which is a useful oversold indicator.

If you look at the volume over the last month since we dropped below $1.00, we haven't had a day with greater than 700k. Most of the big move days this year have had volume well over a million and this was when the price was over $1 which is significantly more money than when the stock is trading in the 50s and 60s.

It suggests to me that while a fair few significant holders have exited, we haven't had the final capitulation you need for a bottom. I think this will head lower in the next few weeks (unless any positive announcements eventuate). However, from a fundamental perspective with a market cap of 74m and 30m cash in the bank, I think there is a compelling risk/return investment if you're a believer in the science, which I suspect is the reason most people are invested.

Theoretically, if this goes into the 40s we could even start speculating on take over bids.