Hi ukdavec,
I am convinced that this stock will only move up when one or several big players take notice and wish to take a position; as you have mentioned, someone seems to be trying to sell it down, but the shares seem to be in fairly strong hands.
Sooner or later, someone will want in, whatever the price, and up it will go. For comparison purposes, look at Kimber recently; it was stagnating in the .70's and has now moved up, on not all that much trading. I guess one could say that lack of liquidity works in both directions.
By the way, I just bought a few two by fours to brace my "wall of worry" because I am scared of it falling on me! :)
All the best,
stone