We hit .05 intra day for 25k shares which with 140m o/s would be 7m market cap. If the company continues to do what they did in the 1st quarter at 9m then the company by any metric is very undervalued. There is no question the delay in the 10k hurts the PPS. How much more it falls I have no idea. However when the 10k and Q come out it should become more stable. According to the Pr we are in the final phase of the audit on june 22nd. That does not mean complete but from what I gather we are closer. After today we are 1 day closer. IMO seems to be a seller around hitting whatever bids he/she sees. Whether it will continue or not I have no idea.
Bottom line at .05 thats a 7m cap approx and if sales are sustained between 20m to 30m by anyone's standards they use cheap. Where the price goes no idea.