Fiscal quarter ends in 10 days, next financial report would be issued in June with an up to date share structure and details on sales (they did say their distributors and partners had phones to sell, amiright?), revenue, cash, etc., and expected some detail on their "wholly owned subsidiary" Utopya Innovations (though that should have been included in the last quarterly, but wasn't). What do you expect that report to say?
I expect it to reflect the harsh reality of a few billion O/S added to the 3.5B in the last report, the preferred B shares that were in the possession of "friends of Mike" cashed in over the last couple months, and little change to the finances. There may be some debate on the amount, but every seasoned OTC investor has to expect that and will know what it will mean to the PPS.
You said 30 days, I think this "seller's window" (my term) has about that much time left as everybody realizes that report is not likely to be favorable to holders of common shares and they hit the exits in advance of that report coming out, just depends on what profit they want/loss they can tolerate.
If you really believe this company intends to market cheap phones wherever they can like a BLU phone, the good news is that report will offer a "buyer's window," where the PPS is low enough you can increase your position for less money, probably a lot less, provided you got out before the report was imminent. From there you can hold long and not worry about it.
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