It's in penny land now. Often the companies that come down here are worse off than this one. (See ASTI). Should they dilute over a billion shares that's around average for a good trip z. Could we see lower? Absolutely. You can bet I'll be looking to pick shares up if it crosses below .0006.
The concerns here are valid. But I've seen a lot worse manage to recover. SVTE recently finished its dilution round. See what happened there.