new lowsa new low.... but to be fair the whole market is down 15% however since the offering 33 cents to 22 is more like 33% so double what the market overall is down...
we still do not know what the burn rate is.... but if they need another offering in order to continue it will be done at such a low price that they will have to sell 10 million shares to get anywhere that will be quite a dilution but then with the experience they have in reverse split
you will probably have a follow up reverse split to reduce the number of shares.... i would wait until someone starts to show interest in buying their proven reserve before buying more into it