True, that is the current market conditions for this stock at present; however, I could have sold at higher levels when there was a bid and chose not to - I still believe this company can turn things around and am patient to wait on it to happen.
In the past I have spoken with the Mike Schmidt, the CEO of the company and Dave Downing, the Director and CFO; these men impressed me with their direct and candid discussion about both the good prospects of the company AS WELL AS the difficult challenges confronting the management team - they were positive in their demeanor yet made no attempt to "gloss over" the obstacle of the debt structure that is currently stifling the company's stock price and hindering it from raising capital. They are in litigation now seeking to renegotiate these debt contracts while simultaneously pursuing contracts with the federal government (the military) for the purchase of its unique LED lighting equipment.
Resolution of legal matters takes a long time to wind its way through the civil litigation system. I am aware right now, for all practical purposes, this is "dead money"; however, as I have said, I think this company can, and will, eventually turn this around and I am willing to wait until this occurs.
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