Have been following this company for years, this management team never delivered on their promises. The only thing they could sell was stock, not a good thing. My take on the future:
I have never seen such rapine financing . Longs had over 75% of their equity wiped out in less than a month.
Pricing assures SP will not go above a buck, so a 1:10 reverse (or greater) will have to be made. This will get the SP above $1.00, but open the SP up to predatory shorts. These guys are the only ones who have made money off this stock.
This deal also wipes out the ability of the company to use it tax losses as there was a substantial ownership change. (Not that they have any real hope of making profits).
Just my two cents.