I been watching this stock forever. Since it was $3 I am invested at .06.
If you want to get in I'd do it under .03. There are no guarantees they won't dilute by increasing the shares available. Right now they are using financing through shares that where issued to a third party. They have been selling 2% of their shares per month per the 10-q as I stated in an earlier post on this board. They have some funding through the college.
This is a highly speculative company. Yes there is a chance that they will see some kind of a licensing deal on their patents. But seriously it is still a ways off before the technology will be ready for production.
I'm not saying it won't pay off in the end but just be cautious and understand that it may take some time. IMO I wouldn't invest more than you are willing to lose.
My shares are considered to me as lottery tickets. I don't count on them for anything but if it hits in the future and returns to, hell even a dollar, that would be great!
I do think they believe they have something. I believe they have a great technology with some possibly profitable patents. Whether they will get there before some one else with real backing gets there who knows.
I don't believe they are just milking shareholders money IMO it is just that they have no major R&D money. If they did it would not have taken near this long to get there.
They speak as though they are getting close. But seriously, everyone thought they were close some many years ago. All those investors lost a lot of money. My uncle in law bought in in the high $2 range finally dumped his shares below $1. I never bought cause I never buy a stock after a huge run. I watched for an entry point but it just kept falling. I gave up until after they did the R/S and got interested again. When it seemed to level off around .06 I figured WTH lottery buy and forget it.
So basically don't buy if you expect immediate results. It may go back to .04 soon. If you wanna try and flip for freebies that would be the best bet IMO.
Jmho!
Gltya
Everything is IN MY OPINION!!!
