OT: Yes, you just NEVER know. Especially with pinks. With most pinks you really can't ever know for sure. Anyway, I made some money with METP recently. It's a shell that's supposed to announce a big deal. I got out with a double when the news didn't materialize when everyone expected. It went back to .03 and I bought some back. You may want to keep an eye on it.
You're right about how the threat of bankruptcy to a stock can also bring opportunity. I recently made some money daytrading New Century during it's meteor-like crash. It had a ferocious bounce back--but you must get out with the cash when you can, because they can quckly resume the slide to oblivion. I also remember buying American Airlines for a couple bucks when it was being pressured with bankruptcy 4 or 5 years ago. I bought low, but got out of that kitchen when the fear level got too hot. Then it almost immediately flew back to $10.
That's all part of the fun--risk is exciting to us gamblers, ha ha.