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Tuesday, November 06, 2007 11:56:16 AM
Put it this way:
1. Just show me another stock with $24MM/year revenue sitting for too long @ these low price.
2. Even under the worse scenario (a R/S) if one sells just after the R/S is announced the loss will be minimal. With those close to 1/3-rd of the OS being owned by the insiders, the R/S however is a remote possibility.
My conclusion: At 0.001, this is way undervalued, and it won;t take long for the price to recover. If my EYII (my worse pick for a while) with close to 1 B shares, much lower revenue, and heavy dilution going on gave me a double last week (from 0.0009 to 0.0019), ONGO can do a lot better.
Mike
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