I think the .0004 and .0005 per share levels was the bottom. What's going to be key to confirm a significant turnaround is going to be for them to go back current with their financials. That would be when the risk becomes minimized. Then that could be a signal for a huge turnaround to be in the mix.
Also, the above order of events could have transpired a little different, but such is what I had seen from doing some quick research. I see some other info to where things could of happened a little different. I'll look more into it later.
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