If debt has been reduced to 20mil and revenues surge 200% this quarter, I would think they could opt for less toxic financing. And if they win a sizable settlement in court, maybe the present mkt cap (14 bil x .0002) $2.8 mil will be the bottom.
Of course the owners are toxic financiers but you would think they would get tired of being labeled scam artists and let GERS run. This 1/1000 R/S with indefinite date is just a stunt IMO.