Monday, April 25, 2016 2:16:13 PM
The better question is: what is it worth to someone wanting to buy it in order to turn a profit in a couple of years?
At approx 500M shares and currently at $0.01 thats roughly a $5M market cap. Tack on the debt load factor the deals you would be capable of making within a couple of years in order to recup your cost in acquiring the business and then squeeze out a bit of profit and only then will you have an appreciation of the low end of the pps should be.
Frankly, aside of a big player with very deep pockets who wants to have the tech, or hysr manages to license many deals starting in the tens of millions I honestly can't see this going up more than 10 cents. Without such transactions maybe 5 cents on hope/potential only.
However, with an aggressive buyout by a big chemical company or threatened oil company ..
. Well they could easily spare a couple of billion. Dollars are possible. Though I'm not investing with that being my primary outlook.
Unless you are trading/flipping this stock for a penny here and there, I would just toss a percentage point of two of your cash and forget you own it. It may provide a nice bump to your portfolio at some point. If you truely are new to investing in stocks. I would be so bold as to recommend starting with a profitable small cap first. Keep your shirt.
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