I think that what someone else mentioned here awhile ago, selling to Cytori and the shareholders each getting .04 per share would certainly be preferable to being a paying customer on the Titanic. This is just really sad to see what this company has come to. And despite what anyone says, I do NOT see it as a great and wonderful sign that they did not file on the extension date. I see that and wonder if the thinking was "Oh well, it does't matter anyways, this ship is going to the bottom, why bother?"
I hope they sell while they can. Sell to Cytori, sell to Chaum. But sell while you still have something worth selling. And of course, this is just my opinion.