Michael, you have put your finger on it. Serious long investors (if there are any left) are looking way beyond a $2 risk/reward target (forget the penny stock traders), and have often talked of $10 and much higher for this disruptive technology. The fact that the company has recently piled on 400 million shares and potentially 700 million shares of dilution, surely takes those expectations out of the foreseeable future. There are just too many shares. The only real value the company has at the moment is the IP, which in any event has been surrendered to an untested extent to the likes of Visser and Apple. Apple paid $20 million for the CE so let's
let's extrapolate that to $100 million tops for the rest. Do the math. The current price range is about right.
You can trade this on news, but not on fundamentals, that is a long way off if ever. Dilution and (a one time) sale of IP is their only meaningful source of revenue, so expect more of that. JMHO.