Let me get this straight. You are saying that no one buys stocks on the OTC, POWN being one of them. That doesn't make sense. People are buying stocks on the OTC, and POWN is one of them (trading volume over 125,000 shares on Friday).
Maybe I am in the minority, but, I buy into penny stock companies with the idea that there will be future growth (exponential growth, not linear). I expect there are plenty of others with similar thinking.
Just for the record, I sold enough shares in the 2010 run in POWN to get my original investment out, plus a profit. It does happen. I've gotten out of plenty of OTC stocks with a profit (and held quite a few as they went bankrupt).
I am not disagreeing with your assessment that POWN is a "vanity stock". I just believe that there is value here.
POWN did not rely on the Disney first look deal for 2015 revenue (at about $1.8 million for three quarters of 2015). POWN generated the revenue based on the business model of selling Stan Lee created IP. Several movie deals were announced in Q4,m and I am hoping on seeing some upfront money, like POWN got from the Magic Storm deal for selling "The Annihilator" IP. If the TV series "Stan Lee's Lucky Man" sells well internationally (and down the line SVOD and DVD sales) and POWN gets a percentage it could mean millions of dollars in (near cost free) revenue. Plus there is a second season of "Lucky Man" so revenue would extend into the future. Likewise if movies, like I mentioned, are made and POWN gets a percentage of the gross (or profit), it could mean millions more in near cost free revenue for POWN.
How much would POWN be worth if the company were generating $5 or more million in profit, each year, for the next few years? Don't you think some people would pay more than 1.8 cents a share for POWN? Doesn't this make sense?
AI
