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PennyWorld

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PennyWorld

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Re: here4beer post# 936

Monday, 03/11/2013 5:33:26 PM

Monday, March 11, 2013 5:33:26 PM

Post# of 1705
Here4beer. For sure. I timed it well by exiting at .18 I'm not always that lucky. I'm trying to pick up shares again at .10

What troubles about this company is that they do not make any money (no earnings or even any sales) and per the IR guy they NEED to sell (dilute) to raise to keep the exploration going. My guess is they sold into the run up to .19 to raise that capital. Hence we are sitting on .10. Could go lower though IMO.

This is a pure swing trade play IMO since it does not even have a product for sale (yet). Per the IR guy it will take several years of paperwork to get product sales going.
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