Stocks in this zone are irrational, which doesn't mean you can profit.
We don't know the final value for current shareholders, but it's unlikely to be over 10c.
Current trades come in two flavors. Long time holders belatedly taking a loss, and idiots looking to take a gamble. Both of them deal with market making insiders, who are well positioned to profit on either trade by virtue of a massive buy/sell spread.