If and when the stock gets to .60 the recent public offering will have completely closed if it hasn't already. Which means the company will have the 10 million to adequately handle all research development,management and implementation costs for the next year or more. Not only that, but if it gets to .60 the market cap of the company will be over 20 million and will start to make the company more desirable to a larger group and even some analysts may start following the stock again. And, it all pretty much depends on this and the next earnings release. Which could very well take the company into the black. As was pointed out previously I think the CEO did crap on the investors by leading them on with that .90 to .96 figure, but I don't think that was set in stone. Just a real crappy thing to do. Also, I can see the potential for lawsuits over that and some previous stuff. It boggles my mind to see how the SEC could repeatedly allow this company to to do all these mega reverse splits only to turn around and make more public offerings, How could the SEC allow them to do this to the investors over and over again. The company has called me the past couple of years to see how I was going to vote. My concern and I told them last year that I was against any more RS's and that they (all of them) should quit screwing with the investors and really work hard at promoting their product instead of screwing with the investors to raise capital. Based on the fact there is a potential for lawsuits now and in the future just maybe the company will stop the BS. Also, if the company continues to move and grow as it is there will not be any need to RS or make any more public offerings. When it comes time to vote on issues again all investors should consider who they want running this company and vote against corporate ability to do any RS and deny them the ability to increase stock or make new stock available for incentives or offerings of any sort. I think the biggest risk this company is facing right now is their own management.
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