I can tell you right now why 1PG is worth what it is, with the...

I can tell you right now why 1PG is worth what it is, with the benefit of hindsight of course. I don't have a crystal ball either.

So I've followed them on and off, fairly typical thing happened. People discover the stock, small cap, hasn't done a lot yet.
Then everybody says "holy cow this is an amazing idea! And say things like 'disruptive' 'ten bagger for sure' 'best stock I've ever seen.' Ect. So people all start believing each other and themselves. It may be true but that's not important for the minute. So stock price starts rising, more people buy keeps goin up and up, gets some media exposure. This is great. Everybody is making money. But wait on, why hasn't the company made 50 million yet? What's going on here? The smart money sells out somewhere near the top and takes a tidy profit knowing it's going to be some time until it's making revenue and profit and attracting clients and such. Share price stops climbing shortly after this and levels out, a few more people sell while the rest keep claiming the same thing about how it's worth so much more, then a few people start catching on and point out how it's not worth a 500mil market cap or whatever, once the price stops climbing people start believing this and start selling. People who bought at the top of the chart are thinking "it's just a short retrace I'll get out when I make a profit".
Then the price starts falling harder. Not 1-2% more like 10-15% drops with smaller rebounds each day. Many people start hitting stop losses and get out. Next quarterly is coming soon though so holders are waiting to "prove everyone wrong" and they keep holding while price falls further. Quarterly comes out, figures are still very low which is to be expected but then everyone freaks out, sells further and this cycle carries on.

For 1PG it was much worse because the fall timed with a drop across pretty much every stock on the ASX especially small cap tech stocks, and it's still dropping and will keep doing so for a while yet in my opinion.

Yeah there's been manipulation and such along the way but In the end it's just down to market psychology and people getting caught up in the hype and not having the sense or patience to wait it out because everyone wants their money working for them.