It is also possible that he is in the process of cleaning everything up and will make this a viable company again.
You never know.... I bought 4 mill couple yrs back at 0001 sold two mill yesterday and am holding the other 2 mill through the storm....
@ 0002 you get 1 million shares for 200 dollars. If it goes to .001 its a grand, .005 is 5 grand, .01 is 10 grand. 200 dollars would seem to be worth the risk especially in this sector and time...