Risks here are almost zero. Recently they settled the debt with the creditor (if the plan was to go out of business the easiest and shortest way would be filing BK-Chapter 7), however they decided to come out clean and ready for the next move (which includes, among other options, selling or most likely merging).
I'm not going to make the same mistake I made before in similar situations like this one (when I said: "Damn, I missed the chance of buying when it was at 0.0002¢ or 0.0003¢).
As you already mentioned, this is a Federal Funded Company. Too much to win, little to lose.
Loaded, sitting and patiently waiting.