Here's how I think it will go when they are ready to make that MAJOR announcement.
I think Jim will HALT THE STOCK AT THE *COMPANY'S REQUEST* for 2-3 hours pending MAJOR material change news. I think it will gap once it resumes trading, IMO of course.
This will have quite an impact on anyone shorting the stock as they will have to cover their positions at much higher prices. I think with any luck we could see this puppy go to .05 in a hurry!!