Many people are looking only at the stock price and are making judgements about the company based on that. There are many factors that have made the price what it is today.
I must admit that I am not the most sophisticated investor and that I discovered this stock based on a bet that I made with a male friend, he said the pps would hit $100 by year end, I said no way. But I really didn't know much about the company then.
Although I will probably win the bet (what a blast that will be), I have also become a believer in NVEI and have since bought in.
Many of his friends bought in when the pps was $0.04 pre-split. Several of them bought hundreds of thousands of shares.
Due to overall market conditions, they are getting margin calls and have been forced to sell their holdings in all of the companies that they have shares in, including NVEI.
Since bulletin board stocks are not marginable, they become the fastest way to bail investors out of margin call situations.
They all still believe in NVEI, and will do what they can to hold on to as many shares as possible. Many of the sells are really forced sells and not a vote of no confidence.
I really believe that once revenues start pouring in, we (the faithful) will have the last laugh.
Cheers,
Corinne
