Financing/Funding is Next Event
The 2 million share volume yesterday was most un-usual. Volume peaks with FIU usually precede some significant event by even a few days - check historicals. Given funding/financing is job #1 for management, expect an announcement any day on this topic de jeure.
With the number of shares trading as of late, there are probably more sub $2 shareholders now than those over $2. Expect more volatility given even a .40 cent a share increase from here makes a lot of people a lot of money if they sell, which they probably will, and presumably other shareholders have averaged down during these low points.
I can't help wonder why this stock isn't acquisition material at these low prices ...