Not everybody that bought this stock was gambling. Some people make a clear distinction between speculating and gambling. I am sure you are aware of that. And speculating is the riskiest form of investment. If you are gambling, then any penny pinky will do. You can go ahead and toss all the fundamentals out the window.
But, what I arguing is the fundamentals. Posters here talk about the contracts, et cetera in order to try to get people to buy the stock. Well, that's an argument on fundamentals. If you are gambling, you would only be concerned about technicals, and maybe not even that.
My argument is, plain and simple: For more than twenty years this company has failed to perform. It even went through one restructuring and it has diluted the stockholders substantially. Even if you look at the record of the PRs and other statements made by the company during the years, it is clear that all the hoopla turned out to be false. If it had not, the company would have made money and the price of the stock, in the long run, would have reflected that.
Players in penny stock buy in the hope of finding a bigger sucker down the road, generally within a few days at most. They know that the rush to buy fizzles quickly as investors discover that there is no meat inside the buns.
So, you are making a point about something I have not discussed. These posters here and I have been discussing issues of fundamentals And this stock losing 90% of its value during the last few years clearly reflects the fundamentals. It is quite clear too that the market doesn't buy the PR campaign anymore. And I don't see that changing. The only way I see it going up is by the insiders and their in-the-know "friends & relatives" buy the stock, and they aren't buying.
