I don't know, I wouldn't write it off completely with recent capital injections.
US based investors don't throw money away like that, especially now they have a board position.
I suspect the selling is coming from one of the directors, 8.4m shares sold down today so far.
He may have another 40m to sell, then? maybe we get some movement?
I'm in at these levels, let's wait and see what happens next.