Sanofer,
Typically I would agree, but CABN (now CABND) defied logic and R/S expectations and more than doubled right after the reverse split a few weeks ago (closed at twice the R/S today). YRCW tripled last week after everyone wrote it off. Miracles do happen!!!! I have owned a few others that also rallied this year after a R/S, which surprised me. I think the R/S and dilution panic sell off is already priced in here. I have been buying the last 2 weeks at and under .011
As a wise man once said "We will see". You never know, they may be planning a huge promo pump to send it into dollar land next before raising phase III cash?
Right now at .005/share X 129 million shares = 645,000 market cap, which WAY undervalues this company now!!!! And with only 2.58 million shares to trade post R/S, penny stock buyers trying to buy could easily drive the price into dollar land. .04 per share pre split is $2/share post split, and revalues the Market cap at about $5 million dollars. They reported a .03/share profit (pre R/S, which is $1.50/share profit post reverse split) the last quarter!!!!!
An M&A buyout would be at least 20 million I think.
Ecomike is buying here!!!!
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