I here the O/S argument on every penny stock and after trading for a while i come realize the O/S argument is crap in penny land,especially if the penny stock is profitable. Missing the big picture??? SEEK is the only profitable subpenny stock and there so many stocks with similar O/S, no profits with no income trading higher than SEEK.
Fact is News and Volume is king in penny land.
It's because of sizable O/S = HUGE VOLUMES=VOLATILITY=1000% OR 3000% BREAKOUTS OR HIGHER.
Ever wonder why we DON'T see 1000% breakouts on the BIG BOARDS, but we see it in PENNYLAND because of sizable O/S.
Fact is SEEK is profitable and almost debt free.. Using Equity to payoff debt while being profitable is a good thing... As long as SEEK is profitable at the end of the year,it's all good.
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