Then, too, fear may have had nothing to do with it, if a company financier was merely looking to raise cash from private placements.

I don't recall, was the last financing around 50 thousand dollars, and repayable is shares at the option of the company?  Was, perhaps one such deal due in recent days?

...could account for a large part of the volume today.  

Take your pick.  Dilution through selling more shares, or dilution through selling more shares.  And, this will continue. 

VP