I don't have a dog in the fight. I'm not long or short. But this company is circling the drain. The reason why the price is dropping is that the company isn't worth anything. It will continue to drop until it's below a penny.
I projected out revenues and debt etc and I see them depleting their current assets sometime in 2017. They have too much debt and can't take on any more debt and equity financing is out of the question (although they'll probably try). The only thing that can save them is an increase in revs but I haven't done enough research to know if there are any new products. I assume not since it's a stale industry.
Invest at your own risk and remember The Monkey warned you.