It seems unwise to base one's investment thesis on hearsay you picked up on an anonymous internet message board. This 1:1 exchange concept has been bandied about since the Ebano days before delisting.
It's not supported by any official suggestion anywhere so far as I can tell, and I've been paying attention since 2008.
Me: Not buying the 1:1 conversion; it's a total wishful fabrication.
"In September 2008, we issued to Treasury a warrant to purchase, for one one-thousandth of a cent ($0.00001) per share, shares of our common stock equal to 79.9% of the total number of shares of our common stock outstanding on a fully diluted basis at the time the warrant is exercised."
treasury will have lots of shares and commons could be valued in $0.00001 to be in line with exercise of warrants.