key is, revenues are growing sharply
For Q1 they are expected to do more revenue then they did for all of 2010, and the current Q2 they could do as much as $300k. This is a sharp increase in revenue growth quarter over quarter.
How do you know the company hasnt turned around and is now getting orders from new companies. You dont buy based on the past, you buy based on future expectations...that goes for pennystocks to Apple Computer.
Also, if you were an ex-employee you should be careful about gettin slapped with a liable/slander lawsuit. Ive seen it happen before back in the day. You seem to know alot about the inner working of the company then just having a 'freind' who worked there.
I have very close friends and dont know there specific work issues like you do. People get fired, companies go broke...has happened alot over the past 3 years. If you have some persoanl ax to grind with the CEO becuase you were an ex-employee id be careful...im not trying to bash or anything, just that i have seen that happen before where company slaps some ex-employee with a slander or liable lawsuit. Even if there is no case and you win you still have to end up going to court and stuff and can be a real headach.
Just saying you seem to have a personal issue with the company. If you has some critizism of the technology, or competition then you would have more of a leg to stand on. Just trying to help cause ive seen it happen before.
Oh, and if company is lying then its simple...'he goes to jail'. Under Sarban Oxley rules CEO's have to sign off of filings and news, and if they knowingly lie they go to prison. File a compliant with the SEC if you think they are lying...bashing in public like this could only get you in trouble on the personal level. Just a heads up!
AI
