Yes it does, but also, think about who did the selling. Look at the volume the last several weeks - those johnny come latelies were not steeped in MNKD dd, they came along for the lottery ticket aspect only. Once it was clear that wasn't going to happen, they bailed, onto the next lottery pick. I'll bet the posters/lurkers on this board accounting for minuscule volume over that same period of time, we've been here for years.
Traders, lots of them, drawn to this type of stock like moths to a flame - however, unfortunately, they were not the only ones to get burned! And those types do not have the depth of knowledge about the company to weather the hit pieces, all of which must have sounded very plausible to them.