Well, more likely the 14th. Because of the exchange offer. Right now, if you tender your unit in the exchange offer, you are entitled to 128 shares of common stock and warrants to purchase 64 shares once the exchange offer expires on January 13th, assuming 90% are tendered.
Right now, 128 shares at .30 a share is worth $38.40, which is the best value for unit holders. But you have no one to sell to, so some strategic news would give you the volume you need to unload a bunch of shares, followed by a reverse split on January 21st to make sure your warrants are in the money, followed by more selling. Everything they have done has seemed so "orchestrated".
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