Try 3 years for the ANDA. Also, there is something wrong and I don't believe it has anything to do with big pharma. I've tried contacting the FDA and have been given the response "we can't disclose". It would take a court order to find out the truth (at least the FDA objections).
You are correct in stating there won't be an approval.
As to the stock going up to the 0.40-0.50 range, only two ways that will happen. Either RS or they show they can be profitable. I don't see them becoming profitable in the near future.