Baja, the first thing is that my perspective has changed dramatically over the years. I originally went in as a long-term buy/hold. In April 2000, the market scared me and I lightened up. (Incidentally, at that time, no-one wanted to hear what dgurgel had to say, but I thought he made some good points). After that I tried trading for a while, that worked well ... until it stopped working ALTOGETHER. From there, I've gradually averaged down. At 25-cents a share, I don't have a huge investment here. Stated another way, it's not enough to break me but it is enough to be interesting if we get up above a half-dollar or so.
I've pretty much given up hope of $1.00 or continued NASDAQ listing ... UNLESS ... something surfaces that I know nothing about ... and the chances of that are pretty slim (not that I would know, but that lightning would strike).
On the brighter side, someone just put $7,000,000 in the kitty. As close as I can tell, it is a straight investment ... at a very favorable price, to be sure, but still hard currency. It strikes me as unlikely that anyone, individual or group, would part with that much money without a reasonable chance to earning a return with it. Of course, from their point of view 40-odd cents is a double and that won't set the world on fire for most of us.
The real issue is having a product and the talent to market it.
Do we? Can we?
I've already bet that we do and can and I see no benefit in jumping ship now.
I wish I could give you a hard time-frame, but I can't. I don't think we'll get well any time soon, so it's more a matter of stomach than anything. If you're diversified, it's not too bad. If all your easter eggs are in this basket, the colors are running pretty badly.
Fred
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