ds don't make it so bleeding obvious, page-27

DS, your in for one rude shock if you think the stock price will drop to 0.037 (38%) and option price will stay where it is, it would be great but it's not going to happen. If the stock drops to 0.037 in one day or week than you can expect the option holders and bearing in mind that most have got FREE options will take the money and run.
Anyway, it might not drop at all, this pending announcement may do the trick.