I am looking at the market depth and it seems that this thing is going literally bidless. On top of that, August warrants coming due. From what I gather, most of the warrants are in the money @.40 but there is also a chunk which was awarded to insiders at .25.
That is a lot of paper to absorb in the coming month. At below .40, (and then below .25) most of the warrants will expire worthless which means no money for AFI.
Not a good scenario at all. JMHO.