I'm getting the impression that someone is shorting  the stock, under estimating the support level at 3.5 cents. There is more liquidity than meets the eye for this equity. If there is a short seller at work, it may be his intention to drive the stock down to load the boat 2-3 cents  per share. What he doesn't realize is that the bulk of shares are in few hands which have no intention of selling at these price levels  because they are well informed about the company's progress. Under this scenario, the short will fail to create his desired panic selling and will inadvertedly find himself covering his short position at higher prices. 

Mad