Ouch.

Two (of many) glaring problems here:
1) If you've been blogging and getting free shares for your work, but can't make ends meet, something tells me this "plan" is really just to generate hype for a quick pump and dump.
2) If the company isn't able to generate their own dividends from profit, what's the point of donating your money to do it for them? That doesn't do anything to solve the underlying problem, and instead serves to highlight the floundering state of the company.