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Monday, November 21, 2011 3:26:00 PM
This thing has done nothing but tank for a straight year now. The only run it had was for a few days prior to the ticker change from COIN to COIND.
What is the reason for this run, may ask? Is it the dumping of the ugly PharmaSphere? Why would this stock have any value all of the sudden? Has anyone look at their Q3 financials? PharmaSphere made $0 in revenues, so I would imagine that the undisclosed selling price for this zombie cannot be too much.
Why would it go to .10, .20 or .30? Just because this stock was r/s it doesnt mean its going to go back up tenfold.
Fertilizer business can be profitable, see potash corp, but this company has a long ways to go to reach any profits. They could begin by cutting costs. Look at the balance sheet.
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