I doubt they do a R/S. The A/S is not even close to being maxed out.
I'm not sure if they even care about being delisted.
If they do, they better try and start pumping now. With this type of sell off, people will be wanting to exit on any rise. That will make it difficult to get it back above .01 quickly, it will take more than 2-3 days.
They need to start NOW!!!!!
Then again, if this was just manipulation (as hoped) this could blast off, once people think dilution is over for now. Peeps could be tripping over themselves to get these cheap shares.