Why the decline in price?I have noticed that the stock generally moves up a few weeks BEFORE news is released and then once the news is out it fades a bit. I think we are in that position again. There was no good explaination for the stock moving up to the $0.80 range at the time it happened.
I also agree with another poster who noted the lockup on private placement shares may have expired. The holders of those shares are generally weak hands and want to lock in profits as soon as they can.