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Monday, September 15, 2014 10:16:19 AM
This stock has become a nightmare to hold.
However I am a stuckholder with the longs, down way too much to get out now.
We need some really good news to get this back to .01
At this point I hope it goes to .003 then I will buy more.
What makes you think it would ever recover? It seems to me a lot of folks just believe what goes down must eventually go up. Just a craps roll. With a company so at risk and financially strapped it's very possible that it will just keep going down until it goes dark just like 2009. I'm sure back in 2009 lot of people said they were going to buy the cheapies as the PPS crashed assuming it would eventually would come back. Never did and ended up worthless as well as all the shares bought on the cheap on the way down. Just because the shares look cheap considering where it's been prior, it comes down to realistic valuation and in this case the actual viability of the company given their precarious position. Realistic valuation in two weeks could very well and realistically place it at $.0001 or less. And at assumes no more dilution! Don't forget they also need to make $2.5 million in NET profit just to pay their existing debt. I'd say the valuation at .001 is very generous.
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