I think some one is trying to manipulate the price solely based on the Bid and Asks. They know if they put a large block of sells and keep topping it up with relatively low amount of bids, someone will slip and sell at the market, driving the price down and limiting the up side. I think there are 350K at the Asks from .50 to .55, guess we have to wait for news of some kind to break through it, someone here mentioned that it relates to the options being priced at a higher price if the stock price increases for a number of days might be correct. JMHO
Keep strong everyone, Good days Ahead.