One possible reason is KRY is not actively promoting the the stock at the moment. Richard Marshall said the current focus is the JV agreement.

Richard said that KRY will start promoting the stock to the institutional investors after the JV is set up, MOC transferred, and permit granted.

By this time the institutional investors are probably jaded with KRY and waiting for some definite progress before committing skin to the game. At the very least they would like to see the JV agreement finalized. And like EZ said, the institutions want to see the numbers and the permit.

$.40 makes sense to me, it's the 20 week support level according to my charts.

Maybe it's just our ticker symbol that puts the investors off, KRY, as in "CRY wolf..."