I hate to say this but in this instance your strategy is akin to picking up pennies in front of a steam roller. If the CR is coming and they have run out of BS news bullets then will simply just call a TH to stop further devaluation and do a <15% dilution to some grubby SI. I doubt they want to offer stock to long suffering holders because it adds further cost and time. Time is probably what they can't afford to give. Good luck.
I would normally be taking a stab at such opportunistic level but the odds are stacked against the buyer.
BDR Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held