Anytime, Lambchops. Investors and posters like you, Kennypoo and a few other here are (IMO) genuine and add real value. Unfortunately, that is like, one post per page of posting compared to the trash. I only visit boards once in a while now, as there is just too much clutter. Good advice on getting back principle and then playing with the house's money when able - I basically do the same thing. You have to, in pennyland. I don't flip, as basically don't have the time to try to time things that precisely. I have only posted to this Board, as ECOS was my first Board learning experience, but will gladly follow your moves. I agree with your assessment below, and think you have nailed it. That is also where I believe ECOS is at.
Of course, as you know, I am not bashing flippers, just saying that their strategies for using these boards are obvious, and well known by any of us lurking around in pennies and sub-pennies. They (IMO) feed on all pennies, and as mentioned, are right most of the time. The problem I see, is not with flippers, but in how they impact the few real penny stocks out there. Some legit pennies may fail, due to a lack of any speculative buyers, and any market cap. They (any real pennies that are true start-ups) can't borrow money from non-shark sources, they can't leverage Conv debt (lest they be labeled as, or become toxic), they / ECOS can dump rock bottom shares like ECOS has probably done, but as mentioned, only get a small fraction of the working capital they need due to the low price, then get bashed for dilution. All of this results in a SP below par value. Yes, there is dilution, yes,toxic debt, yes, 10 B shares auth, yes, no working capital, and yes, debt and yes, unmet promises. That is why they are 0.0002.
No answers here, but my thoughts today are that all pennies are doomed, even the good ones, unless they can produce a rabbit out of the hat. The system seems to be rigged against them, unless they can find an angel, or want to invest their own money and have deep pockets.
I agree that MS has made a few mistakes, but many of us recall things like ZaP Mail (FedEx fax strategy in the 80's), venture capitalist that said "No, thanks" to investing in Apple, when Apple was just Jobs and Woz, etc. and many have overcome mistakes.
My biggest concern (today) for ECOS, is that they may be a pioneer, in a energy market that doesn't embrace pioneers and early adopters. In otherwords, the energy market may want to keep status quo, if there is more profit for them in keeping something like M-Fuel, or D-20, out of the market. E.g., if Korean Kerosene dealers want to keep D-20 out of the market, as it has potential to cut their high margin kerosene market by 50%, we might all be screwed. Money talks. ECOS doesn't even have the money to bribe a few Korean farmers or pay some official under the table .. not that anyone would, but you get my point. Barriers to entry could be huge here, and most of us would be oblivious.
Revenue, (dare I hope for profit?) cures all missteps.
Thanks again for your post.
GLTA! HB
