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Thursday, May 13, 2010 10:04:08 AM
They will definately file an extension - every pink/otcbb does. Which is why there is no volume, experienced traders know there is more time and no rush to get in now.
I remember FCCN/AERP, hyped for a year that they had 25 million in sales, stock went from .002 to over 6 cents. The whole time the company was diluting the crap out it, and promising to release numbers. When they finally did, they made less money than a kid's lemonade stand in January, lol. The stock crashed to .0001 and has never recovered.
They had a variety of products, advertising, and even a celebrity spokesman.
Too many penny stocks have fooled too many people over the past few years, so people are very hesitant to get until there is proof of sucess. That is why no one is buying right now, prove it first, get a retail deal and then you'll see buying.
Sometimes not even a retail deal helps. Anyone remember Gamez n Flicks? GZFX, lol? For months they hyped a deal with Circuit City. They finally got in a few stores, and the diluted the stock to death. That stock never even made it over .02, lol. Now, ironically, both Circuit City and GZFX are long dead.
Again, people are hesitant to buy into this because of those reasons and because nothing of substance has been proven yet. SPNG ran because they 'proved' revenues and deals...until that proof was actually BS, lol.
ZVTK has a tough road ahead for the stock. But I am in it because of Babkie, and the fact that they are actively working towards a retail deal. When that comes, we could see .01 - .02. At best.
Don't get too excited for this 10Q, most likely it will dissapoint.
Not bashing - just trying to be realistic.
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