Don't know why people are selling. The $2 barrier may force fund sales and then you go into a self-reinforcing downwards spiral.
But there may just as well be a real problem we don't know about.
This is the kind of time when a trustworthy CEO helps. But Wave's CEO has shot all his bolts and few believe him anymore.
For myself, I try not to worry about unknowns. Nothing I can do about them.