Wow there must be a lot of upset RFN investors angry at the...

Wow there must be a lot of upset RFN investors angry at the board. I remember reading the forum just before the float of RFN. I wanted to invest on the day of opening, alas, the SP skyrocketed right after the float. I was really upset I missed the train so I took RFN off my watchlist and didn't look back. It's only two months ago, I remembered about it and wanted to check how its doing. Hence my story of buying RFN at 3.5cents first, and now at 6.2 cents.
Can anyone summarise the reason why the SP plummeted at such a dramatic rate? Was it the last annual report? Lack of contracts, exorbitant monthly cashburn, no profit?? The company and the idea is still the same I guess, so I'm trying to understand why it dropped from ~$2 to 3-6 cents?