Hard to say, it might drop another 50% this summer before it really bottoms. Just depends on the news and worlds markets. Their next financial report will show a huge drop in cash, and huge increase in plant assets, the new production plant that was fired up in December. But there is a long road back to trust needed here, needs a new financial officer, more directors IIRC, new auditor?
I would not sell here, but I would be prepared with dry powder for one more sell off buying opportunity, should it happen, as we may see a drop in profit margin now that the new plant is operating and undergoing depreciation until sales get even higher. People will worry about the cash drop till they see steady profits continue. I am averaged in at about .80, will add at about .20 if it ever gets close to that. I am in this one till the cows come home, LOL!
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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