Why no PPS movement.
My opinion. Even with the video, Benny said they want the toxic financing to be over in a few weeks when they move to factoring. That said, that means they took new notes and still may need more until that happens to keep the company going. So I expect the PPS to more or less stay here as these new shares continue to hit.
Look at this as the time to buy at the cheap, cause once we get closer to November and the launch, and then a financial report with break even or even profit, we are looking at $0.05-$0.10 easily in my opinion. Could it go higher, of course in the crazy penny world we play in. I think once we go to factoring, that means we are borrowing against more or less guaranteed future revenue we will see $0.01 over time (Sep-Oct).
That's not counting when the Murphy report comes out.
Just my thoughts for the day. Back to work.
