WiTron, Inc. (WTRO)

[Penny Stock Trader]

I also got some at .05 but for a different reason.

I see the current stock price as a temporary condition following the conversion of preferred stock to common stock. Some of the converted stock is being sold and this is depressing the stock price. Most of these shares (95%) belong to John Chase Lee, President-CEO-Chairman, and I doubt seriously he will want to hurt the stock price in this manner.

The good news is that there was a lot of insider buying as recent as Oct/Nov and at prices exceeding 40 cents.

More good news is that there is no longer any preferred stock outstanding and the total OS is under 50 million.

Even more good news is that a parabolic drop in price, much like a parabolic rise, is often followed by a sharp reversal.