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Monday, October 18, 2010 12:44:00 PM
The recent sell off,especially todays, is ridiculous. After a promotion,there is often a dip as the fly by nights chase the latest promo,and this is exacerbated by the typically low bidding on Mondays.
If you look at yahoo key statistics,you will see book value is .04/share as of last 10Q report.
Pennies usually trade 10 to 50 times book,indicating current price is greatly undervalued. I challenge you to find more than a handful of pennies w this low stock price vs book value.
Low float(real float estimated at 11 million on IHUB post)and 2.346 million stockholder equity. Many pennies have negative stockholder equity.
BTW,this is a full quote otcqb company-the highest otcbb classification,except for only 2 or 3 dozen mostly foreign blue chips in otcqx.
As explained by a recent PR by KBLB, otcbb fees for mm's have been increased recently so many mm's are funneling these trades via the pinksheets system-thus the pk used to access the quote for some of these companies presently even though they are full quote(otcqb)companies.
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