The sellers know that all they have to do is beat the stock back down to 50 cents and they can sell as much as they want. Also, don't forget that the marketmakers recognize the IFFCO buying at 50 cents and I'm sure some of them(especially NITE) have a bunch of stock in inventory that was purchased just above 50 cents, knowing they can turn around and dump it to BMO at any time.
We should have more good news by the end of the month and hopefully we get some real price movement at that time.