Yes, surprising what happens when the "insiders" and...

Yes, surprising what happens when the "insiders" and self-interested parties stop holding it down. The share price was clearly manipulated so they could get the placement through and very very cheap options thru to get hold of over 50% of the company for around $100k?
Existing shareholders have been badly burnt but it appears the current management will now let things run and at least some of the losses will be recovered. I would think a share consolidation is possibly 5:1.