This is how I see it. Time will tell.
By: midmarine19
06 Mar 2005, 07:51 AM EST
Msg. 3541 of 3547
Jump to msg. #
Insight...
First off, I was unable to buy more shares last week because my brokerage firm, Smith Barney, refuses to buy more shares. Off to Scottrade I guess.
Anyway, here is a bit to think about. Credibitlity. Last summer when Mario said the EPPS conference was a big hit, we only had his word to go on. Now, we see that Mario is heading to at least 3 more EPPS conferences. You can check his attendence online, as I have recently posted. Attending this conference costs thousands of dollars. If the first one was not at least moderately successful, it would be unlikely for Mario to attend again. For the bashers, why would he attend these shows if he could simply "print more shares"? Mario has built credibility in terms of the company, regardless of the stock.
Spending money is key when starting up. Yes, Mario tried, unsuccessfully, a few years ago to sell his product via the internet. It failed, but he got a sense of the potential demand for an organic product that essentially replaces acetone. He is now trying a new method through these EPPS conferences.
In my opinion, I do not expect Mario to start making money until this summer. The company will not likely make significant revenue until this fall. However, I do believe the bottom to the stock price is around .003. Not a vote in confidence for the near future. That does not bother me though. The stock can be traded as long as the company exists. Mario fought hard, and is still fighting. With the money he and his friends and family have invested, this is his stand. He cannot afford to let this company slip, and it appears as though he is making real progress. Only financials will finally turn the stock price around. I am comforted by the notion that these financials will not likely come out in the next few weeks because I am still buying. Go to .003. That does not change the health of the company. I don't buy based on this board, but based on my research and conversations with company officials.
The product works, I just used it this morning on my leather shoes. The company is credible, even with Walter Davis still lurking in the picture. However, I see the recent pps drop based on pures speculation. The pps increase on the CVS news last fall was similar.
Marketing is the key to moving the product, financials are the key to moving the stock. That is the reality with which we are dealing.
You buy this stock with great risk, but you don't lose or make money until you sell. I stand firm on not selling below .05.
~MID
AI
