If you size appropriately, you could get a 5:1 or greater reward

Yes, VISL is a terrible company, but there is only so much lower it can go. It's extremely oversold. Tons of bag holders in the $6-8 range. Recent 1:6 reverse split. Look at the timing of previous reverse splits compared to a run up shortly after. The pre split guys will never break even again more than likely, but this is an excellent buying opportunity for a 5:1 reward/risk trade. Honestly, you could improve your ratio 10:1 or greater if you want to keep a tight stop. It will most certainly hit $4+ in the near future on even the slightest whiff of positive news. There is virtually no float and lots of people shorting it to oblivion.