The spec end of the market is all about confidence, until the...

The spec end of the market is all about confidence, until the company's financials can speak for themselves. If there's not regular, strong newsflow, then you need to organise an aftermarket to support price. Looks to me like they've taken a lazy approach and figured that what worked for DRO (in a bullish tech market at the time) will automatically work here.

Contrast UUV with a stock like SE1, which, right since IPO, has enjoyed strong support from Hartleys, any time there's price weakness.

When price stays in the gutter for too long, it does permanent damage to the market's attitude towards the stock, which becomes relevant next time the company wants to raise capital.