Agreed. It is a down day today on almost all markets across the board. I did expect a pull back from the .70's range, but NOT by 50+%! I know management supposedly has been working hard, but this IMHO is an epic failure on maintaining shareholder value. I only hope that TO can get the stock up to the .80 and force a warrant exercise to get some additional working capital for the company, because I can assure you that treating your supporters like this will make it hard for them to raise any subscriptions in future PP's ( which might be in their near future with the way they are burning through cash).
It could be a number of factors contributing to the slide, but I believe there were probably a few new investors who were riding the hype of the hand sanitizer craze. The combination of a PP sell off, and shortsighted new investors who bought in based on the H1N1 scare might be looking for an exit strategy. Those who have followed Alda pre-hands anitizer and Olympics know about T36 as a unique formulation and it's other applications that are much more than just your average hand sanitizer.