ONT dropped from 35 to .08 and faced delisting from the AMEX during the same period EDIG and the entire stock market, for that matter, was in a tail spin.
You think those who bought it last year for less than one thin dime are smiling now and could care less what negatives were being posted regarding operations, losses or going concern statements ?
Truth is that companies emerge from bad times after readjusting their business models. ONT has its proprietary technology and the POTENTIAL for growth and I doubt investors today are concerned with last year's losses or whether the outstanding share count is 40, 65 or 150 million as one or two deals make this a turn around candidate.
The market looks hungry to find the next break out candidate that beats the odds.
"The AMEX staff notified the Company in June 2002 that the Company has fallen below Section 1003(a)(i) of the AMEX Company Guide for having shareholders' equity of less than $2,000,000 and losses from continuing operations and/or net losses in two out of the three most recent fiscal years. The Company was afforded the opportunity to submit a plan of compliance to the AMEX and presented its plan to the AMEX in May 2003."
