The company recently increased the number of authorized shares to 1,000,000,000. In the most recent financing deal announced last week Dominion Capital was able to obtain terms which allowed for the immediate conversion of a portion of the loan into 25,000,000 shares of stock at a conversion price of .015/share. This represented almost 15% of the float.
The company is expected to announce $4,000,000 in losses for 2012 with only three employees. Their last filing showed they had less than $600 in cash on hand.
The company also stated that they are seeking $15,000,000 in long term financing. I suspect such financing would involve selling millions of shares in the .04-.05 range or lower.
Until the details of the new secondary are announced I'd stay on the side lines for other than a day trade.