Joe already gave me an update on the contracts. When he is legally able to give out more info he will. He's not going to give out insider info. When the company can afford to become fully reporting they will. The debt restructuring has a wrench put into the gears. That is Joes's fault for dealing with the devil (NIR) in the first place. Everything rides on the debt restructuring. With that in place, they'll get some working capital, which will enable them to move forward with their other projects, which will result in increased shareholder value. Before that happens, the FBI probe on Corey Ribotsky has to end. Guilty or not guilty, nothing moves seriously forward until that is ordeal is completed.
Like I've said before, many times, JOE DOES NOT CARE ABOUT DAY-TRADERS OR FLIPPERS! WE ARE NOT INVESTORS! And we don't care about him or his company in return! Who here is going to hold this for 20 years!? Who is a real investor in this stock? Who is going to remain long in this for 5 years? 2 years? Anybody? Buehller? The ones that are in this for the long haul, aren't on this board or any other. They aren't the 'Common share holders'. Joe works for those people. He will do things accordingly and in his own time, regardless of how long it takes. For us, 6 months is a lifetime! To him and real investors, it's a blip. "Darn you Joe! I tried to buy your stock and get rich by dumping it on a couple ticks up! Why don't you care about me!" That's what you sound like.
If you did your research, you would see that the stock traded in this range for much longer, last year. Until the NIR probe is finished, nothing big will happen. It will continue with its magazine. The company has a product. The stock will not get revoked. When stuff does start happening, they will try to effect a reverse split. I will be out before then. Additionally, the SEC doesn't waste it's time on penny stocks. There are far worse companies guilty of far worse offensives. That's why the SEC warns traders about pennys. Because they are UNREGULATED!
As far as Joe's word goes, I take everything for what its worth at the given time. I never believe everything. Not from anybody! I'll take what he tells me and DD it.
As for knowing how to play penny stocks, I am not perfect. Nobody is. In a world where 2+2 can = 9, how can anybody be? But I win more then I lose. And my percentage gets better at it with each trade. I've learned, with great difficulty, not to trade on emotion. I suggest others do the same. Technically, I haven't lost here yet, as I still hold all my shares. I'm just down. But not for long. :)
Good luck to you and everyone else here.
