It has been so for years. I was in GERN about a decade ago - the stock's gone nowhere but down. Vultures have been feeding on the company for eons, feasting on stockholders' eyeballs.
Same here. I played GERN for a while, calls and puts, and it did pretty well. But then it plummeted to $1.09 and I decided to take my losses and get the hell out. I think this company will not exist by 2015. Maybe they will issue more shares few more times and that will last them a little longer, but after few more products they have will fail they will be history.
I don't wish them harm. Just have no confidence in their product and their management.