>>A fellow long posted an observation about another stock that sat at .04 on nothing but promises.
That is the problem with these penny stocks. Promises, promises, promises, and nothing but lies, hype, certain groups that control it, MMs, anticipation, etc. (not even to mention crooked management). Some that run, run on nothing at all that can be found. Maybe .01%, if that, do well on their own and act like a real company over the long term. That's why no one trusts them and all they're good for is a quick shot.
Even AWYI, which is better than most IMO, and has, what seems to be a decent plan(s) can go sour. Just because we have a very good CEO, "stuff happens" that's beyond his control. Just look at the current PPS. It should be 5X ++ what it is. Believe me, I've seen it happen many times. The longer a penny stocks sits, the better chance it has to tank.
I'll continue to hold for now. However, if there isn't significant news, more exposure, SOMETHING, over the next few months, I'll probably start getting out. As one other poster recently said when he sold, "It's dead money right now".
On the other hand, if something DOES happen, I'll be a huge buyer. No question.
