Great to have your input, Dr Dread. I agree with your take on this company, and you don't sound like a careless investor. When I first started buying shares of Vu1 I think I even bought some for over a buck. But then I sold.
Almost a year ago, just when I was really zeroing in on this company, they came out with, what appeared to me to be, a horrible financial report. I could already hear the shuffling of the bankruptcy forms. I freaked and sold my shares. I hate losing money. A couple of weeks later they announced their financial deal with Full Spectrum. I decided I acted rashly and so I quickly jumped back in (actually got back in at a lower cost average and have been able to lower that average since). So now I take these financial reports with little more than a grain of salt. Believe it or not, their financial situation today is considerably better off than it was a year ago. Such is the nature of a startup penny stock. I'm more anxiously awaiting news regarding their prototype and less concerned with their financials at this point in this venture.
There are primarily 2 issues that sold me on this company: 1) the technology and its market potential, and 2) the way these folks run their company, which gives me confidence that is rare in a penny stock. They run this little affair as if they are a major lighting company, very cautious in what they announce publicly and are very tight and prudent on how they spend what money they have. They have a great sense of their priorities. Though there are no guarantees when it comes to spec plays (or any other plays for that matter), the one thing I don't have to worry about with Vu1 is making bad investment decisions based on some BS that is put out their by their marketing department, or worse, a hired PR company with a vested interested in pumping this stock. So what we see is what we get, and that's a very big plus when it comes to investing in penny stocks.
I'm confident that we will see production of their R30 sometime this year and that will be a big, and lucrative, deal. In my opinion, they are in the make or break phase of this company. Within the next few months we'll know if we're going to lose a lot of money or gain a lot. I'm betting on the latter. Because once they have the product and the lighting industry sees that this product can be manufactured at a reasonable price, either some deep pockets will buy Vu1 out, or there will be investment firms (and possibly the government?) lining up to get a piece of the action. At that point the worrying will be over.
AI
