Speculators will keep this propped until a PR, good or bad, comes out. No, it is not Big Guys, just Penny players. MM's also will slow it down as their profit comes from the spread.
Good - Pop is up. Bad - Don't wanna think about it.
SP will deteriorate as time goes on without a PR.
On a BK announcement, actually more a re-org announcement, SP will not go to zero. A small consolation. In OTC, lowest is 0.0001, and possibly lower if one does a "market" sell order when ask is that low, and there is no bid. It appears TSX goes to three decimal places.