Yeah, it's probably a better lotto play than one with 2 billion shares, but you can bet there will be a lot more dilution before any sort of pump, since most of the shares are restricted.
That probably means, you'll be able to buy for less than $.01 if you're patient, and possibly a lot less.
As for the "extensive disclosure", I saw nothing unusual for a company that just completed a reverse merger. I wouldn't take it as a positive or negative, other than the info itself, which we disagree on.
News 
Market Data 
Discover 
