I was about to sell this when Joe Abrams got involved.
His contacts are net worth make this a good speculative risk for a few months.
The technology is interesting and with a workable headset Abrams could shop this company for a buyout. IR is very responsive and obviously has been overly optimistic previously.
If there is something here, Abrams should be able to leverage it with some news in the next few months. I'm going to hold for now, and see if Abrams really has an interest here or whether it's all smoke and mirrors.