RE: VolumeDon't think this has anything to do with news.
Either this is year-end-selling of bored people, or tax reasons, typical for years end, or some placed stop orders at .25 and now they are out. This volume of 120.000 shares might be astonishing but does neither influence the progress nor the 'real' shareholders confidence. I have seen trades likes this at many microcaps at the end of the years.
However, after a while some people will take this as an opportunity to get in.
Have a nice weekend.