Seriously though...Seriously though, someone explain to me how current shareholders will not get killed off once another private placement takes place (that is, if an investor can be found). A reverse split is all but guaranteed. Currently 39 million shares out and a market cap of $2M. The next move will dilute an already horribly diluted stock and they will HAVE to reverse split, maybe 4-1 like Wazzuppp said.
So assuming at BEST a private placement at 5 cents and a 4-1 reverse = 20 cents. That provides PLENTY of height to tumble further from.
DEATH spiral commence!