Since this was a reply to my post, you must mean me. It's easy to see that I was also posting when the price was "down" as well as here when it's "up".
But there is one thing I agree with you on: almost a quarter of a penny is a high price for CYPW.
Now that management has finally got the 10Q out (unaudited this time), they'll soon be back to more dilution to stay open.
Net loss in Q2: $1,190,304 Revenue in Q2: $140,527 Net loss in Q1: $1,097,033 Revenue in Q1: $0
Their spending has gone up $230K in a quarter, primarily due to interest and derivative costs from all the convertible notes.
The $140K was from finishing the Army contract. For the last two years they said they were negotiating a follow up contract with the Army. Now they say:
The Army obviously isn't interested, and what "commercial group" is going to invest more millions in the hopes a Cyclone engine will finally work?
So there's no revenue stream, but lots of expenses. How will they keep the doors open? Same way as the last two years:
The dilution is still accelerating:
That's 118 million shares issued in just six weeks, or about 4 million per working day.
I'm not saying there's no money to be made in day trading on price blips, just that there's an awful lot of shares waiting to hit the market if the price does start to rise. Yesterday the price dropped 25% when 5 million shares hit the market.
And if you look at all the enthusiasm on this board 3 weeks ago, the price should have gone up, but didn't. Why not? 20 million new shares on the market per week probably has a lot to do with it.
So good luck with the profits on CYPW Mayer. I'm rooting for you.
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