Somehow, it is very common in the pink sheet world to judge an investment by something other than the change in the stock price over years! Still, every time I come across this, I am in disbelief! Nowhere else in the equity world is it acceptable, logical, or valid to value an equity investment other than the return to shareholders over a long time period.
But, in the pink sheets, there is an alternative reality, where the decline in the stock price somehow is ignored, and instead we are told to use "other measurements" to somehow say a losing investment is a winner. I shouldn't need to debate the point as to why that's not valid. It's too obvious.
All I can say to that is, that's exactly why the pink sheets are what they are! There is no reality in the pinks. Just excuses and measurements other than what the real world uses.
Want another example? In the real world, at the end of a quarter, NORMALLY, there is discussion about what revenues and earnings are! Is there ANY of that here? No! NONE! Why not? Because that is reality, and in the pinks it's avoided! How much is this POS going to lose this quarter? How much will cash burn be? How many new shares were issued? When is this damn crook of a CEO going to have the books audited like the rest of the real world? Tell me, are these tiny points?
And yes, the stock is down SIGNIFICANTLY since before the last "win" in court, and recently has hit 8 year lows while the entire markets hit all time highs, with most REAL stocks (you know, ones where the company actually has their results audited?) having DOUBLED AND TRIPLED in that time!
A long term investment in this POS by any reasonable yardstick is a total failure.
