The reward reduction will not improve price, only deter net hash.
The absence of sellers dries up liquidity and reduces the efficiency of speculation dollars further driving down price.
And to all of you who think the coin is so cheap please buy some. I have some standing orders around .00006 I'd like to get filled at that price

Well this seems a bit contradictory to me. You are telling us the price will go down, maybe to zero and you put your sell orders at .00006. If you were so persuaded to be right, you should sell them quick before the price goes down, wouldn't you?