Wednesday, October 19, 2011 10:55:36 PM
Ya see fff, the term "at this point" is where the whole debate becomes meaningless. The board is full of opinions from differing points of view that may both be right at some point in time. The engine that drives the entire market is speculation, and in the penny market it's speculation and momenteum.
In stinky pinky land the speculation and hype runs so high due to a lack of transparency. This allows for groups to push and pull the share price around based on the flavor of the day. They can start rumors about revenues, rumors about contracts, rumors about JV's, the bigger and better the rumor the more momom they can create. The bigger the lie, the higher they can run the share price. On the big boards the speculation is based on earnings, expectations, approvals, and fundamentals.
When Eric opened the books he removed the normal means of speculation in the penny market. No more speculation on revenues, share count, debt, ect... and basically left traders/investors with a show me the money attitude. This doesn't allow the stock to move on speculative rumors, and the fundamentals aren't at a point to justify a strong move yet. I believe it is way under valued at the current market cap, but that's my opinion.
So to sum it up, your opinion about the only thing imporatant is finding someone to buy shares instead of product is correct at "this point in time" because the fundamentals aren't ready yet, but when/if the day comes the fundamentals improve from selling product, and profitability is achieved...it will bring in a new type of investor, and the investors will be correct at "that point in time"
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