<<I'm not a financial wizard though, so I could be way off here.>>
Your math seems right, but are you taking into consideration that the # of
authorized shares is 300,000,000,000 (11 zeroes).
This stock is now PRIMED for massive dilution and then a R/S. Which is sad.
Since it survived more than a decade without a R/S, which is so common with
these penny stocks..
R/S is inevitable. Just a matter of time.