In conversations last night, one investor told me that he still believes he will be able to get shares under a penny.

I don't believe that.  I believe BLTA's sub-penny days are over.  I hope he is wrong - not that it really matters right now (I am keeping my focus on what BLTA will be worth towards the end of this year) - it is just that seeing it go sub penny is still kind of depressing.

Expect volume to stay in the millions - and intensify, IMHO. 

He also said he thought he had picked up about 100 million shares on the open market already, but frankly I believe that has to be an exaggeration. 

I just don't see that number going from 30 to 100 in just about 10 trading days.