There are a lot of investors who have bought this stock all over the map, at different times and for various reasons.
I for one would appreciate if those who constantly repost a negative perspective would back off.
I think by definition, penny stocks have weak financials. That is universally understood.
Before business plans develop and take off there are inherent risks which come with the territory of any company in this stage of development(which is waiting for the markets and products to find eachother). Constant speculation as to pending bankruptcy and SEC/accounting violations (which never happened) do nothing but to help erode the PPS, imo.
If the bashers are right, this is a penny stock investment gone bad. Most penny stocks probably don't make it, so bashers are really going out on a limb bashing a penny stock.
BUT, if they are wrong, this is a big chance to own a piece of a company with a big future at a very low price. I think most understand those risks and do not require the constant reminder that there is risk in this investment.
And I don't accept the argument that investors were victimized by other posters. Anyone who stepped up to the plate in double digits on the way up were attracted by the momentum and were trying to "get in on the action".
When Collier projected profitability based on the success of entering retail, we found that profitability was not that far off, based on his projections. Now with the remodeling over the past 5 months of the business plan, we could be again looking at turning the corner to profitability. Certainly that depends on a successful acceptance of the Odyssey line as well as Eclipse and IFE gaining traction, but these all seem like reasonable possibilities, especially in light of the manufacturing costs being addressed via the letters of credit coupled with a 40%lower overhead.
Frankly, I see the possibility for success better now than ever before considering how the Eclipse and IFE products are about to come online at the same time as the Odyssey 1000 is going to market. Although I have no idea, this bear market can't last forever.
At .16/share, positions are more easily established.
As for risk/reward, we all know very well this is no slam dunk but I am willing to continue to take the risk.
To those who get off on being negative, this investor asks that you go find something better to do with your time. I am fully aware of what I have to lose and prefer to discuss the upside potential.
The downside risk is quite evident, but it is the upside potential which keeps investors just that, investors.
AI
