Thursday, June 04, 2015 11:30:38 AM
The thought of a merger or acquisition crossed my mind. We don't hear anything now related to goals or what the company is trying to accomplish.
I sold 3/4 of what I had when this ran to $1.00. I kept a pretty good chunk for the long haul and as it turns out I should have sold those at the time too. At this point I don't see the wisdom in selling at this price. If I unloaded what I still have, I could probably drive this down to 10 cents.
You can take it for what its worth, but the main reason I'm still comfortable holding is the high percentage of insider ownership. All their shares are down in value the same as ours. They have just as much incentive to see the price rise as we do. Will just hold and see what happens. With the age of our management team and the amount of shares they own, I wouldnt be surprised at all if they are trying to work a deal to sell the company. I have no inside info, just my opinion. I've been invested here for a long time. Best shares I ever bought were at 7 cents.
Question for you....What do you think value of this stock should be?
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