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Tuesday, September 06, 2016 1:11:35 PM
If no one sells, the value is still based on the bid, not the ask, in the case of a pink sheet stock. Did bad prices in the energy market hurt the stock, of course. Can they recover, of course. With no news they will not recover, even if energy prices go up, unless there is something in the works. We all presume the plant(s) are going to be built, and possibly even soon. There is a delay, that is obvious, why? We don't know, but corporate does. Now let's take it from their side. Maybe there is a reason to be closed mouthed. IF so, when did that start, and when will it end? My best guess would be that the longest you could give a company is a year, after that it is probably malarkey. From my viewpoint, with a bunch of shares I would never sell at less than 4-5 times my money on a penny, and that means 60-80 cents. So I can bitch and moan all I like, it doesn't matter, patience is a virtue. It will be a year in October. At the end of October I might start worrying about what I did, but until those 50 days from now, I will be patient. Even then, I would probably wait and see what happens if Trump wins. That may make a big difference, positive, not negative. So keep the faith , watch and wait, it may well explode under your very nose.
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