Bear market behaviorI watched many small cap stocks, many don't make sense. For instance I follow a stock doing a secondary offering at around $1, and the stock tanked to 80 cents or so, there were several examples of that, I think this has to do with general bear market condition, any good news is ignored, and bad news is amplified, and DM is one of them, but this is just my observation and I can be wrong.
Stocks become insanely overvalued in a bull market and way undervalued during bear market, and also don't forget about the shorts, they can amplify the downward pressure, that's why I don't rule out 5 cents for DM, no it doesn't make sense, but it can happen, people will just dump everything when they need money for various reasons, maybe to answer margin call or to pay rent or just scared out of the market. JMHO.