I am inclined to agree with your analysis.
If KWKA negotiates favorable terms for more financial leniency with the lenders in the next week or so, what do you think the stock will do for a rebound upward? 15 cents? 25 cents?
Obviously given the delisting, and the dismal share price I'm sure the company would opt for a (dreaded) reverse split in the future - but even so, I feel like it's bargain shopping at these prices. I mean, this isn't some fly-by-night oil & gas company run out of back alley... it was once a BILLION dollar company!
Assuming they don't declare bankruptcy, I think all of us that were ballsy enough to hang on, or buy more shares, are going to come out handsomely.