It will not get anywhere near .01/share. The two ethanol stocks that went BK in 2009 never got under .02 and those were liquidation BKs, Chapter 7, with liabilities exceeding assets, during a world wide market crash. Here the assets exceed the liabilities, and they have a cache of very valuable patents that under valued in on the books.
I am looking for .04 to .06 as the low, and the buy spot, and may happen at year end tax selling when no one is looking, near the holidays.
There are only 28 million shares, and the market cap is now about $2 million, while the asset - liability = about 20 times that market cap.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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