New World Gold Corporation (NWGC)

[upperdivision]

I completely agree with you.

I think the company could have handled this recent run much better. Some PRs would have been nice, and, of course, some transparency about the share structure.

That being said, unlike many other penny stocks, this company is very profitable. They may not be good at managing their investor relations, but at least they are good at running their business.

Don't get me wrong, I don't fall in love with penny stock companies. It's rare that I will buy into a stock based on the company's fundamentals. I am exceptionally critical. But from a fundamental perspective this company is undervalued, even if they doubled or tripled the O/S. Of course, price action tells all, so we shall see.

It would be nice to see any news after this recent plummet. I keep picking up shares every day but it seems like there is no bottom in site, which is clearly deterring buyers because the ask is barely being touched. Some buying pressure would go a long way here.