Paliman, because there are people like you and me that the sp has not fallen to a few cents. If it was just up to them it would.

They are depressing the sp enough to cause some to lose heart and sell while not enough for bargain seekers to flock in droves.

Per the posts on this forum you read that many if not most are disgruntled and discouraged and a few may be selling at least part of their former holds.

Yes the manipulators are selling their shares, or more correctly revolving their shares, to maintain a semblance of normal trading to keep the regulators off their backs.

We are competing for the disgruntled and revolving shares and they are depending on the chance that there will be more to be picked up than are used to depress the sp, i.e. a net gain for them.