This has been a 'bounce trade' on this site since about $2-3!!
At some point it will see a short term bounce!! But there are a lot of people very underwater trying to pick the bottom in this (or lots of these sort of stocks).
Buying a stock with no objective fundamental support (other than the cash backing which is getting spent quickly) in a very clear down trend is not usually a good idea!!
If you want to buy these punty pre earnings stocks, buy them in up trends but cut them when they rollover.
The probability of this or most tech start ups actually becoming a leading tech stock is exceptional low.
Good luck.
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