The reason is simple... One or two big buyers who bought when it was 20 cents have decided to offload his holding for whatever irrelevant reason (there are many reasons to sell). The market depth for AGS is very thin so it doesnt take much to bump down the price.
By coincidence this also happened to be when the market is anticipating a late jorc. So many trying to protect profits (and undertandably so) would have dumped with them causing this huge sell down.
When these people realise nothing is really wrong with the company they will hop back on before you can load that 'buy' page. Huge potential for a ride back to $2 imo.
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held