I feel your pain. I am down 75 % at this time. I do believe in this company. They have a real product that most people here on this board knows will be a big hit. The problem is that Danny and Eran are trying to execute their business plan with as little financing as possible. The lack of financing seems to be the problem. I feel if they were truely only in this to get investors money, they would have done massive dillution long ago. They said in their report I believe, that they needed $100,000 for the costs of the next year. That isn't really that much. I of course hope that they dont have to dillute, but they still have a low noumber of outstanding shares for a stock like this.
I once had a stock that was acting just like this. It kept going down and the bashers showed up crying scam. I sold at a significant loss at around .009 or so. The stock went down to .003. I took it off my watch list since I thought it was done. I checked back 2 months latter to find it was over .03 and going up. It hit .035 and it did this from its own merits and not a stock preview.
My point is this, one has to decide if you trust Danny and Eran or not. I do agree that they could communicate better, but I dont think they are lying about the sale. I do expect to see a seperate financial PR on the sale soon. So for me, I am holding it through the summer. If by fall nothing has changed, then I will probably cut my losses and move on.
