There's no dilution going on...there would be heavy volume if there was. Look...there were 16 trades today...that's it...for the entire day. It was a slow day here, and elsewhere.
Only 120,000 shares traded in the first 2 hours. Two trades late in the day dropped the price to .0018. Who knows, maybe those two individuals needed the money for a margin call for something else...the Dow was down 148, most of the 100 or so stocks in my watch list were red today . Maybe they just wanted more action on their money elsewhere since this stock is basically sitting at the .0020 level....but there is really no need to be concerned or worried about today's action. It was a non-event. It's days like this you just forget about and chalk it up as one of those lazy-hazy summer trading days.
30 years ago, I'd go party somewhere around Manhattan after a day like today. Now...I'll just try and relax with a new passion...cooking in my kitchen. Times change...markets don't. Have patience and go do something enjoyable when the market is dead.