Cast Iron, I believe strongly that it will take off.
And I don't think it will be too much longer; a couple of months, maybe.
Now that the economic "double dip" appears to be off the table the overall market sentiment has switched to accommodate a more speculative direction. In short, penny stocks are coming back into favor. Folks are again buying stocks like this. And I think this one is way under-valued at the current level, so it wilkl be a good deal for somebody.
Now that Metapower has an in-house accounting person we should be getting a more regular stream of financial information. I think the shortage of financial info is what has really held this stock down, more than anything else.
And we have the new product launch which should be happening soon. I am sure that they will use that to draw more attention to the company. It might even bring a few more customers on board.
In the end, virtually all penny stocks are "news driven". And it looks like there is an increasing list of good things that Metapower can PR.
And finally, there's the Monty Python factor: "Expect the unexpected".
It would NOT surprise me one bit if some bigger richer company attempts a merger-acquisition here. For example, I know that IBM has a growing portfolio of software products aimed squarely at the oil industry. IBM has billions of dollars available for M&A and they just recently bought another company. Metapower's product is not really that far afield from what IBM has purchased in the past. And they are not the only potential buyer; there are many.
Of course, there's just no way of knowing when this situation may get more exciting. So further patience is the key to being rewarded here. But personally, I have no doubt that it will happen.
Good Luck to All Longs.
VV
