Once you see over $1 million in new toxic notes in Q4, the lack of any money from Comcast, the constant delays in revenues coupled with PNTV's past performance of the same "promise the world, deliver nothing except dilution" makes it pretty clear this is going to get far worse, not better. As toxic note holders get more desperate, they convert more quickly and the price falls, which causes a death spiral in the PPS.
I'm betting the 10Q (which of course will be delayed the maximum) will accelerate the decline.