Ann: Letter to Shareholders , page-64

Check also EDE where director Greg Solomon and the board did a deal with La Jolla. Was at 11c when a capital raising was made. Now with La Jolla its at .009c. Yes, less than a cent and almost certain to go lower.
Never trusted this ISN stock. ISN has a history of issuing shares at deep discounts going many years back, so much so that the stock authorities actually stepped in to stop one such a deal. Imagine that.