Yeah looks like someone getting in some early tax loss selling. I think the stock is an attractive gamble in the .03's, but I thought that at higher prices too.
Last 2 quarters stunk for sure. We'll see how Q3 comes in. They've at least cut expenses according to the last earnings PR, so any loss should be reduced. And this commentary about cash increasing $1.7M halfway thru the quarter seemed VERY bullish:
The Company finished the second quarter with approximately $2.3 million in cash and cash equivalents, as compared to the approximately $4.4 million at the end of 2014. As a result of delays in signing certain contracts and the resulting delay in the collection of accounts receivables the total cash and cash equivalents were approximately $4.0 million as of August 14, 2015. This increase was due to operations from the company and not any equity or debt financing of the Company.
Guess nobody believes them. I have my doubts too after such lousy results the first 2 quarters of the year. IF they get back to profitability, stock should be at least a double from here. That would only get it to cash value, so possibly even much more upside.
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