Could 1PG actually go under?

I've been watching this stock for a while and seen the horrific downtrend. Make no mistake, 1PG was hugely ramped up and way over hyped when it launched and the SP highs it hit were ridiculous.

The spiralling out of control is expected and today's announcement is no real surprise. I actually don't thing there are down rampers on here - down rampers talk the stock down with a view to buy at low levels - something not many people in their right mind would do with 1PG considering the horrible decline and the grim outlook.

So my question is this (no down ramping intended as I am genuinely not going to buy 1PG) - could this actually go under? The cash burn compared to revenue spells disaster and I am genuinely concerned for the company, share holders, and its future.

Could 1PG really go bust?