That is an interesting thought, GetSeriousOK
Patent licensing generally runs 1-4%, and many times that assignment can be made outside the company without fear of "Corporate Opportunity" actions, preserving that income stream even in Bankruptcy.
Having looked at the whole picture, this SCAM equates to a "Moller" model of infinite research/investment/approval cycle without obtaining anything but enrichment for the founders.
The SEC has gotten aggressive with this model of late, with huge fines and other restrictions on fund raising and hypothecation of stock for cash.
I would say the FDA DENIAL will trigger that course of review, and then perhaps the scenario you laid out may occur.
In any event: Dead Company Walking.
As an aside, this is the trouble with penny sub pennies--it attracts an uneducated investor base, easily swayed by visions of greed and highly manipulated by the company. The SEC has issued many warning s about these SCAM companies of late--particular to the MJ new emergence field.
The OTC really needs to overhaul this whole segment of stocks.
Hopefully they are moving toward that.
Thank You for your post.