be real, sometimes you just have to step back...
and asses as Joe Friday would say "just the facts"...
2-3 years ago shareholders were told they would be very pleased with the SP a year later. Without looking it up, I think...
the share price was around .05 cents.
Hopes were being pinned on the new "bib". Of course in usual fashion we heard how great it was especially from surrogates... how else!
Well, for the first time I can remember they actually sold something... two(2) units. As you can imagine we heard they had finally arrived, this was it, let the good times roll, to da moon etc...
the share price crashed to all time lows.
Every time those like myself point out the warnings in official filings we are scoffed at that they are merely "boiler plate", "legalize" etc... Well, one of the warnings is that if it gets bad enough the company would have to start selling assets. So what most thought was their best asset... just got sold for five cents on the dollar. I use that phrase because formerly they owned 100% of it and now they own 5% of the new penny shell.
And today the SP closed below a penny again with less than $15K in volume. A stock that used to trade millions of dallars a day and has lost over a half billion in shareholder value.
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