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Friday, June 25, 2010 12:41:53 PM
anything short of an official company announcement about a retail deal being solidified won't do it either
even then, and because most people are now EXPECTING a retail deal in the near future, the upside here will be much more constrained than I think alot of folks believe.
IMO if they announced a firm retail agreement with, say, CVS and Walmart, I don't see the pps even getting close to .01
There is too much against this right now with the pps where it is and the number of O/S.
The only thing IMO that will get this to "pennyland" is several quarters of sustained revenue growth, less debt, and a reduction in O/S.
If you don't have to have your funds from this investment in the near term, I'd say it's best to leave it alone and check back in a year.
We have to be realistic, as a couple of months ago we never thought we'd be at these levels.
And I'm with blindpig, in that I'll leave my investment in this alone, as it's not as much as some here, but other than that I'm through with investing, at least in penny stocks.
Lastly, I'd just like to ask the board, can anyone out there tell me that they have seen positive returns on their penny stock investments if you consider the total $$ invested vs. your returns, for all investments combined?
If so, I think it's very rare.
Keep the faith people
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