I'm extremely dissatisfied at this point. Of course I'm gambling with my investment on a penny stock in the first place, but there are things that Mr. Fiorillo could do immediately to try and remedy the situation, and at least give us some idea the only line of contact has not been completely severed. We're finally subpenny, my investment now is worth about 20% of my original investment.
3 friends and family members of mine have unloaded most of their investments, in total almost 2,5m shares, and not because they believed the company was going down for good. They believe the situation with the website had an explanation, which I completely understand and explained. It's now the lack of communication, I saw the last PR which failed to explain much. That's the reason for panic selling, and all the uneasiness about buying into RXPC.
RXPC had an excellent business model, with expected delays of course. At this point, no one has any idea whats going on. My understanding is Peter is seeking a buyer for RXPC, or liquidation of any assets RXPC has. That's as much as the PR stated.
I'm not a cheerleader for RXPC, but I do think its a shame that such a good an idea as RXPC is in the shape its in currently. As for me, I refuse to sell my position, and also refuse to fall into the trap of averaging down at this point. If we go under, at least I have a good tax writeoff.
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