The issue is twofold. One is the potential of bankruptcy, which they may avoid and I think they will in the end. So this is not that bad.
The second one is the potential dilution to pay off notes. I think this is more problematic for near term (and long term) stock price. Currently, their o/s share count is very good compared to others. So the current stock price 0008 or even 0.0010 looks good. But if they increase o/s share count significantly due to dilution, then even 8/10 will be expensive at this point unless there is some business potential, which is absent for now.
I would say unless you know what you’re doing, don’t buy too much before dust settles one way or the other.
