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Re: Gsdubb post# 6801

Friday, 04/04/2014 7:28:03 PM

Friday, April 04, 2014 7:28:03 PM

Post# of 106837
And the share price was about 1/4 of what it is today. (market cap closer to 4 million if memory serves) and as stated, lets see where the price goes- give it time, if the past pattern of 2/2.5 yrs is any indicator. It's already down almost 50% from the .08 peak of March 6th, and went as low as .035. Give it time, IMO. If the share count was just what it was 3 months ago per 10-Q Sept 30th, that .035 per share, only about 3 weeks ago, gave a market cap of 347 million shares X .035 = $12 million. It's bounced around between $4 million and $10 million or so for the past yr. Big whoop IMO. That's a nano-nano cap.

If the price were to return to the multi-year historic norm- that market cap is going right back to about where it was. 420 million X .01 = $4.2 mil or at 2 cents = $8.4 mil, big deal IMO. $5 or $6 mil or so average again. It is only increased right now via a) Massive share dilution and b) A price spike, which IMO is based largely on no underpinnings such as sales, an approved product, any significant financing, etc. It's not new in the slightest to see this "pumped"- in fact this time of yr is typical for the "pump" IMO looking at a historic chart (as same price spikes of past 2 plus yrs- which went right back down over a month/two month period to settle back at 1 to 2 penny range)