People sell because they don't want to own anymore. Stop excusing the falling shreprice with ridiculous manipulation theories. People sell stocks for the simple reason that they do not want to be holding said stock anymore. Anyone believing other conspiracy theories like stock manipulation is being, probably purposefully, misguided.
I've seen a few people claiming that the stock is being held down. Let's examine what this means: That someone has enough shares to be able to put enough low asks and dump into the market to such an extent that the stock can't rise.
But more importantly, you're saying that these shareholders are selling their shares knowing that they could get more money for them, with the sole purpose of keeping the shareprice down.
It seems a little ridiculous, to me at least, to try to excuse a falling stockprice by saying that someone is willfully selling for less than they believe the could get. What do they stand to
What's more likely is the actual reason for people ever selling anything: that these shareholders do not want to hold this anymore, and believe that they're selling at a reasonable asking price.