any chance left for this company to survive ?

Another frustrated investor here pondering whether to sell for a tax loss or hold on. I have been through all the ups and downs buying from .05 -.70 over the years. Close to the limit for patience, open ended press releases, lack of interest from investors, etc. Have 10-15 friends, relatives, associates in the same boat. With things being so bad regarding share price, but with great products/patents/etc. why won't this company partner up or sell? I may end up flipping a coin.