I'm not one to make bold predictions, but I do agree that this stock should be trading at a much higher price than this.
The PPS crossed downward through this price last December when CEO Daniel Yazbeck openly acknowledged that the company was experiencing stock dilution. The PPS crossed back UP through this price in March, immediately following the announcement that the company had prevailed in a lawsuit to end the vast majority of the dilution. The subsequent Q1-17 10Q supported this announcement, showing only $13.5k of remaining convertible debt (down from a high of $309k on the Q3-16 10Q).
Since that time the news has gotten better and better. The PPS spiked to .022, but has since has lagged behind, moving sideways and ultimately downward as investors wait for the next piece of positive news. I believe the PPS will catch up with the current state of the company very soon.
If anyone is interested in a spreadsheet showing the last 6 quarters' financial results (transcribed directly from the 10Ks and 10Qs...easily verified) PM your email address to me. I don't have a messaging subscription so I can't reply directly to your PM, but will be happy to email the financial results.
Good luck to all.
