With respect to share price: Personally I would have R/S the stock at $0.005. It would have been smaller and much less damaging than taking the share price to $0.0001/2/3 range with billions O/S and A/S.
That's a good way to build investor confidence while trying to rebuild the company (he said sarcastically.) I don't know that that would have been less damaging; what would YOU have been saying about that? Be honest.
Never take my word for anything; I'm just some Schlub trying to make money, like everyone else. Sometimes, I'm right; sometimes, I'm wrong. Never trust your money to somebody else.