You are correct. AYN is a one legged pony which has broken its leg. And yes, before 31 December 2013, yet another billion years will be issued.
Agree with you that share consolidation will eventually happen, and that will be great, because then the share price can be gradually reduced to sub $0.01 again.
For the meantime, all the price action will be stuck at .003 - .004, so just learn to enjoy it, and get really excited when the price viciously spikes to .004 again. Before it then drops back to .003, ad infinitum...
AYN Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held