The reality is that this was 19 cents approximately a year or year and a half ago. The assumed (from what I heard from others opinions) heavy drop was the fact that IR was publicly stating that they were going to foreclose on them and sell their assets. Now that we know IR isn't able to do that, the possibility to return to cents is viable. The reality is we need to show progress in their business plan, file the financials with them showing progress in cleaning up balance sheet, and provide some guidance on revenue expectancy. If that happens, I think the longs will have the potential to be rewarded.
To back it, (I have been called dumb and/or gutsy) I own just over 27 million shares in a retirement account and 3 million in two other accounts. Needless to say, I'm long. I can be as frustrated with the lack of communication as others, but the real question is...do you believe 1) the stock is undervalued at these prices, and 2)does this company have a viable product, 3) they have the staying power or backing to see it all through? My belief is yes.
There are no guarantees in life, but the above is my thought/opinion.
