Wednesday, October 04, 2006 8:45:23 AM
I am a long term investor in the Company and believe in management based on my numerous conversations over the past year with someone close to the Company.
However, I recognize that management agreed to deal with a "pump-and-dump" firm initially when they went public in early 2005 (in my opinion out of financial naiveness and not unethical intentions on management's part). That event hurt the Company's credibility among many investors which I completely understand. I do think management learned a lesson the hard way, and the CEO has continued to inject his own personal funds into the Company to keep it in operation while they attempt to negotiate long term relationship contracts for distribution of their products. Ultimately I think that is the strongest endorsement and vote of confidence possible.
I would be a seller of the stock at $0.25-0.30, looking to repurchase at $0.10 later in the fourth quarter of 2006 on the inevitable tax loss selling from long time investors who currently have losses.
Best of Luck and keep the faith (but don't be afraid to lighten holdings on strength and add back on weakness).
DIVERSIFICATION IS RULE #1 -- YOU ALONE ARE RESPONSIBLE FOR YOUR INVESTMENT DECISIONS -- ALWAYS CONDUCT YOUR OWN DUE DILIGENCE -- NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE -- HOPE IS NOT AN INVESTMENT STRATEGY -- PATIENCE !!!
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