The only way to play this stock is to short it...
Its been a few years since I last checked it, and it seems much worse than before. 400 million shares, with a market cap of about $30 million. This is the end result of endless dilution. Even issuing 100 million shares doesn't raise meaningful capital. Maybe management should try for an issue of 1 billion shares? Why play around? How about 5 billion shares? LOL...
Folks, here is the solution:
1. Completely change management - 100% change.
2. Find new management that knows what to do with this property, and have them come up with a realistic development plan.
3. Consolidate the stock - 20 to 1 exchange.
4. Try and raise new capital based on a realistic development plan.