Yeah I thought about buying myself, but I chickened out. I'm going to try and buy Monday under .05. If I don't get .05, I'm not buying. I just don't feel comfortable spending a tick above a nickel. I honestly believe that this will rebound back to .11 easily, but I'm just not sure I'll be able to sell my shares.
99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.