Big investors seem tired of the constant delays. Debt financing was supposed to be Q2 '12, then Q3 '12, then Q4 '12, now Q '13, etc. and so on.
Looks like large money is hitting the exit button at any price. Approx. 3M shares and counting.
Would be better to put the company up for sale than to have this constant erosion of the share price. Any takeover today would be lower in price than if the process had been initiated at the $0.30 level.
No money, no project. Sitting on dead weight all this time isn't fun...