Smart money is enjoying watching the silly walk-down games, ready to pounce on the even cheaper shares and take the pps back up in a NEW YORK minute..
I can't believe some of the stuff posted on this board. To start with, there is no smart money buying this stock as you claim. When a stock dives like this one has last two days on much heavier volume than it goes up on, it is probably smart money selling. To that extent, I never heard anyone like Bill Gates, Warren Buffet, Larry Ellison from Oracle, Chambers from Cisco or any self made stock millionaire ever say they got rich or even made a dime in some silly penny stock. Peoples' opinions (imagination) on this board are astounding.
I read predictions of possible takeovers, 10 cents by end of Dec., explosion coming because NTEK exploded 10,000% so we will too, a quarter by shareholder meeting ETC, ETC!! There is absolutely no basis for any of that silliness other that pure conjecture.
What will the audit do? Probably not a darn thing. It will show how poorly this company has done in the past two years and it will qualify all of the actual debt owed. The audit will do nothing more than confirm past filings. Then we will get the guys that come on boards like this and say, "I told you this was a POS company!"
Well, is this a POS company or not? My guess is, it is not. I think the last 10Q filing had a lot of promise. It showed great potential and reduced debt. The stock price should be based on forward projections rather than past events or future audits. I believe the last 10Q was accurate and truthful. I do not believe we need all the hype and silly predictions of this going to the moon.
Presently, we are at an 8.4 million dollar market cap which is undervalued based on future revenue and profit projections. That said, the company has a ton of debt yet to either convert or pay down. They can't convert much more without raising A/S. Therefore, are we really undervalued based on total liabilities? I do not know as I do not have the time to dig deeper as I run my own business on a daily basis. But, if this company continues to grow at a revenue pace of the last few Q's, this could get interesting.
Now, to my point; I do not believe we will see .10 or .05 or even .03 cents anytime soon. But, I do believe the company will slowly grow into something well worth holding. Just don't expect miracles anytime soon.
