just read its 10-Q, this stock is too risky to invest. price all driven by speculations. i wouldn't say 2.6 is the bottom, still chance to be lower. but get in at 2.6, you won't lose a lot anyway.
You really should focus on management discussion section, notes to the financial statement (things like how they recognize revenue, what are excluded from expense etc.), also operating cash flows and historical cash flows.