That is how they (and other toxic funds) operate. They do not follow logic, they grab what they can as fast as they can and move on to the next sucker. 8M shares at 10 cents is still $800k with no cost attached. Seen it too many times.
There is always the chance it goes to $0. If you could walk with $800K right now I imagine you would. A company like that doesn't need to risk going long. They're not going to sit on YMB and complain about the legal system while waiting for a maybe