Based on 7B shares in the market I don't think there is any way (other than out and out manipulation) that the "value" of PEII ever gets to .006.
Massive production numbers (200BOD) would probably flirt with .001 on value alone but who knows. As someone said earlier I have seen pot stocks with massive A/S & O/S run like the wind.
All I know is FS had better pull a rabbit out of his hat or I suspect there are going to be a lot of folks talking to the SEC (and/or lawyers) in short order.