Dilution would be to pay noteholders.
Since they are now non-reporting corporation, shareholders arn't going to know what deals they may have with creditors, and usually it is money in exchange for a share of the corporation; the lower the price, the more shares the creditors get. There was heavy volume in the past 10 days, that suggests either a leak of pending news, or their market maker blends in varying blocks into the open market. There is no way to prove this, but if or when there is good news, those shares will be bought up quickly.
Per their website, they will be in Chicago in two weeks. Perhaps they haven't released a PR to this effect so they may be saving a PR for a contract announcement..
October 1, 2008 - CAPE Systems Group, Inc., a leading provider of software technology for sustainable packaging design, pallet optimization, inventory and warehouse management, supply chain execution and order fulfillment, announced that it will be showcasing its sustainable packaging design and palletization software, cube optimization applications and sustainability evaluation features at PACK EXPO 2008 in Chicago, from November 9-13, 2008, booth #N-3130.