There's something here as far as an intriguing concept, but Byrkit and his cast unfortunately don't lift it beyond the appearance of a theatre company interpreting the works of Shane Carruth, attempting to jazz things up with tight shots and unearned jump scenes. The slow-burn execution means we get a lot of "what's that??" exclamations in the dialogue/improvisation before things actually start getting interesting two-thirds of the way in.
Very admirable film, if not always entirely successful. The "found footage" conceit eventually becomes a bit of an obstructive drag, but the movie very quickly penciled in for me what I was looking for in "X-Men: First Class" and other superhero-origin films. There's genuine human behavior and tension at work here, and more often than not it's entertaining and fascinating.