Duhh, that's why it's so tempting, to risk the dangers of shorting this stinky.. if it wasn't that you've no contract and can get called at any fleeting moment. I'd be on this with a stinky short like a fly on fresh spit!
Rules on AMEX are not 1.00 minimum bid rule. That is NASDAQ & NYSE standard listings. AMEX has requirements, but apply different rules for exchange listings such as market cap, etc.