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jp8888

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jp8888

Re: Long-vestor post# 2818

Friday, 01/04/2008 3:42:55 PM

Friday, January 04, 2008 3:42:55 PM

Post# of 8313
I bought 350000 shares around 0.45/share, so paid around $157500. I sold them around 0.25 when I realized that it has been going down none-stop! Then I realized that 1)the previous owner group got too many of this stock for too cheap. 2) Their A/R is way too high compare to their sales. Lost about $70,000. Had I stayed further, I would loose another $7000 as of today.

If you ever get a chance to get an answer from the management, maybe they can give us an answer as you did get some replies from them.

Thanks for being informative.
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