From page 12 of the annual report:: "An investment in our common stock is highly speculative, and should only be made by persons who can afford to lose their entire investment in us."
The company says there is substantial doubt that it can achieve positive cash flows. We'll see how bad that is on June 14th.
The company says they will be diluting the stock with issuance of new stock at discounts. We're already seeing that with Ironridge, paying employees in stock because they have no cash. In July they have a note coming due. They're going to default and will be forced to give away more stock again for that. Dilute. Dilute. Dilute!
Yep, easy to see why this stock deserves to be worth 50% more this week than last week. Sure, that all makes sense.