Just bought back in under $1-. It's only a matter of time till GMO gets financing or someone buys them - either way, the stock will eventually go back up. And with their other property, this stock will always have value.
IMO, PPS may continue to drop a bit, but not much more than this. Anything under a dollar is a bargain. They'll get financing or someone will buy them out. Either way, it will send the price soaring. Patience!