Looking at buying into PNX

Ive been looking at this stock over the pass few days and been thinking of buying into PNX picking up around 10mil shares. Due to work I've not had much time to research into PNX so I'm after some info from current holders. I can see the lowest PNX has gone is around .008 per share, what is the reason for the huge drop over the pass months in share price and dose this company look after its current share holders ? this answer is directed at the long-term holders, can you see the share price dropping much more or can we see a rise very soon. Is there a pattern that PNX follows on the SP ? I will be placing a buy order for 10 million shares @.010 but feel i might have to buy in @.011 ....... Your thoughts would be grateful Kind Regards Darren