We're heading into the .02s, then the .01s after that!
This is by design. I wonder why management thinks this is a good idea? Clearly they have some ulterior motive for this.
Otherwise, there really is no reason for the silent treatment.
Sure excuses will get them so far, but sooner or later the street figures it out, or speculates things aren't going well. Thus the price plummets.
If the book value is .04 and the price falls into .01 territory, the reasons aren't evident to existing investors until it's too late. The company has taken the PPS no where for long/loyal investors, and characterizes itself as a flipper's opportunity, rather than an investment.