Support Levels, page-627

Unfortunately I'm with you and been caught out as I have not really paid much attention to the fluctuations of the share price, although I have used it to buy some more, this "collapse" is I agree with you partially, the loss of confidence with management as well as the delays in getting anything of substance signed. It was never going to be a "trade" stock for me, its a long term hold growth stock with the IMO good potential to be paying dividends.
Adding to this a good management will make efforts somehow to stop the rot, try and get confidence back but this mob appearing to be sitting on their hands or worried about where to put their gains from selling off SMN shares.
It is also unfortunate retailers are selling out and "brokers" hoovering up all that is offered, we need contracts signed, we need to see revenue.