Stock price is down because financiers are upset/jealous...that the company cancelled the loan arrangement because it got the cash it needed through the warrants. Now they are hammering the stock price for no reason just to teach the company a lesson to not pull back lucrative opportunities for them just because they don't need the money. Disgusting illegal behaviour.that's tolerated on the TSXV from little weenies in one office on Bay Street who are too pathetic to compete in the big boy game on the NASDAQ so they have to feel like big fish in a small pond bullying TSXV companies.
If I was a regulator with balls I would find out who's been manipulating SEV (and other stocks), pull their trading licence and force them to cover their short position in one day at market so the short squeeze takes it well over $2 and it bankrupts the scam artist.