Monday, April 07, 2014 8:31:51 PM
Unfortunately I can't PM people currently so I am responding to some PM's I received regarding stock price.
The price seems to be bouncing around between $.02 and $.95. Trading is sporadic in time and in volume. I think until we get additional parties interested in the stock, it is difficult to tell what the actual trading price is our fair value should be.
Based on the last report, they had almost .60 a share as net asset value with most of it cash. They only lost 300k in the last quarter and they have plenty of cash to cover this and plenty of time to get to profitability. I would think that one would be able to sell their stock at $.60+ if one wanted to sell. I think the reason the price just went to $.02 was because there was nobody interested in buying but someone decided to get out of the stock regardless of the price. Not sure why someone would sell at .02 when not so long ago, someone was able to sell 10k shares at $.95 and there was no new information released between these transactions. I would probably pick up a few more shares if I didn't already have plenty of this.
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