Probably, short-term you are right, but you have to consider...

Probably, short-term you are right, but you have to consider management and staff skill and work ethics here and the status quo stands (and there is a long track record).
So things will progress as usual into multiple lowball capital raisings, all the time 'being excited', and eventually, this will be at a tenth of a cent and then a consolidation for more charity and then back to a tenth of a cent. Maybe a few times until it gets wound up, and then shareholders ot 'the market' will probably be blamed.. No introspection.
No chance of a T/O like others due to not protecting the leases properly... why? that same company ethos that determines it will keep going to zero. Evidence I have seen shows me it is not about the shareholders. To me it's about de rigueur leftist ESG virtue signaling.