mucho stock for sale. They should just cross several large block trades at a discount, in a range of $2.25-$2.40 ( which would be roughly a 10-15% discount to net working capital per share) to clear the overhang.
Working capital offers no support here, neither do insider purchases. The company has been fighting since 2009 just to keep its ahead above water and stay in business. Look at the annual Income Statements.
This is going nowhere, and is a huge opportunity cost while the rest of the market moves higher. Even a buyout would most likely be a takeunder. Look at the results; the company just cannot make money. Death by a thousand cuts. Come back in 5 years it will still probably be the same price.