Check out the background on Robert F & Cindy Morrissy. These clowns has been involved in more PK/OTC startup schemes than I can count. Oil , apparel, app dev, co's to name a few(Robert used to be a personal trainer which greatly qualifies him to run any co I guess). DON'T TOUCH IT!!!
If that kind of money is "play" money to you, then best of luck. However, if this is a significant chunk of your portfolio then you're playing like a drunk at a Craps table HOPING to recoup your losses. Nothing wrong with putting a little money behind this because the reward could be huge(as I did myself) but do it with a sense of reality.
When you have a mgt team that's willing to sink to the lows of sending out mailers BEGGING for investors then there's your answer if this is a PnD scheme. Seen it too many times to count and they will be sub 1.00 in a few months. Don't buy just watch.
Gotta love when a mass spamming campaign comes out pimping the $not out of a penny stock and then the board and/or CFO comes out and says "we know nothing about this". Yeah, sure u don't! I've seen this a MILLION times folks, it's a SCAM and if you buy in now you will lose. If somehow you made money in this thing...good for you...now get out! Time will show the truth. You've been warned.