I think you are right....someone has been lowering the price on small volume trades. However with recent publicity on the drop - I suspect a quick re rating is on the cards.
SD :-)
Small Caps M2 price drop mystifies PUBLISHED : 11 Dec 2009 04:20:02 | UPDATED: 11 Dec 2009 04:50:02 M2 Telecommunications Group can’t explain why its shares have fallen 16 per cent over the past two and a half weeks, but this could spell opportunity for investors as a number of experts see significant upside to the stock.