Wow, bashers are out in full force today. Usually that is a good sign to buy. I've read many wise tid bits of advice that say to buy when everyone else is selling and sell when everyone else is buying. Clearly today there is a sell off going on. Honestly I totally understand your frustrations. The 10Q was not impressive, but at the same time it did not paint a gloomy picture. If you're a day trader this one is not for you. If you have some funds to let sit for, who knows, maybe up to a year, this one could still pay off. Heck, they are in the process of acquiring another company. They have been able to convert most of their debt. That does not sound like the action of a dying company. Once this merger completes the company will likely release news of a new contract or two and we will see a pop. How long that will take is anyone's guess, but when it does we will see at least a double from this level. At about 800 million shares this one is trading at less then $2M market cap right now. The developed technology and current existing contracts (with potential for increased sales) is worth much more then that. So maybe there is a billion shares out there with the naked shorting and all. That's still only $2.4M. Anyone care to venture how much it would cost to develop this technology from scratch right now and build even a small sales and marketing force? I'd venture to say more then $2.4M. My guess is that the next contract released justifies a $5M market cap. That makes for a nice bounce off of this low.
