Like I said, I am still long, holding a base of shares and warrants (COINW) and will be adding when / if we hit .57, and will add more if we go lower. And will hold into the early summer next year, as I expect the first profitable quarter by second quarter next year. It has only been about 1.5 years since they started selling their first products, a brand new product, in a young new market, and the sales growth rate is up 100%.
Sounds like you are either short and trying to bash the stock (which I would not expect from you, it is not your style?), or you already got burned buying at the wrong time. I have a number of stocks that I am holding and adding that have done far worse than this during the last 2 months as the sell off and near panic is starting to grip the entire world stock market.
While I have serious doubts about some of the things management has done, I am impressed that they got this far, got government aid, an that it did not go belly up in march 2009! Then they got a huge massive new batch of cash from new investors at $1.16 (IIRC), that sent the cash on had up to nearly .50 (it had a negative stock holders equity and was out of cash just before that), while the stock was retailing under $1 (IIRC)!!! Those new accredited investors are not expecting to cash out until this company is showing a profit next year, IMHO. Only question is how low retail panic will drop us before this becomes a great buy and hold for 1-2 years stock!
I forgot about the higher A/S, thanks for the reminder, but that is because they plan to buy competitors, and grow the business with acquisitions and vertical integration (see the resent farm purchase, they purchased a previous customer, with a profitable farm, where they can now showcase and test their products on various crops, and make money off the R&D crops!). They have made several profitable acquisitions, that are helping to close the gap on the mistakes they made with their first original design plant, tech license, and business plan. I am not happy with the price crash either, but then again most stocks are getting hammered now, not just this one. In this crazy market COIN could be back up 15% tomorrow in one day.
This is not a typical pump dump, this company has real products, real revenue, and is starting to close the gap on quarterly losses finally.
AI
