If you watch a lot of movies influenced by the stories of William Hope Hodgson, H. P. Lovecraft and August Derleth, you might rate this a point or two higher because on some weird level you enjoy having your hopes dashed. For anyone else, this score might even be too generous.
It's a real shame, because the early setup of the film is great. It makes you think you're actually going to get a good Lovecraft-esque film (there's the ol' masochism again!). The opening titles are stylish. The actor who plays Connie has immediate charisma (sadly, she is underused). There's an intriguing early discovery which legitimately leads on to the next stage of the story. Sure, it's a tiny bit shaky, a little bit goofy, but that's par for the course in indie movies of the type; overall it looks like it's shaping up to be one of the good ones in the cosmic horror genre. You'll even see an actor who might recognise if you're a glutton for punishment: her from The Strain, yes (along with Connie's actor, the best performances here).
But there's a point where the wobbles suddenly escalate and soon after that the project completely falls on its arse. Any enthusiasm I had for the film ebbed away to nothing. It's as if an evil film crew came through the veil and replaced the original crew, wickedly sabotaging and unpicking all the good work that went before. Even Slash's soundtrack, which is never good, gets noticeably worse throughout.