The amount they lost this quarter means they won’t need to dilute for years, if ever, based on current expenses...Now compare to the rest your penny stocks that have millions in convertible debt and no cash... Watch what happens to those stocks as they desperately try to raise money when no one wants to buy their stock without a MASSIVE discount
If one is going to be in any penny stock, this is a safer company than 95% of them right now. The business is going to come back, but even if it didn’t they have enough cash for years...
My gut tells me Glenn is going to make an acquisition that diversifies their revenue and pushes the stock... There are so many great ideas out there but no cash to fund them right now, this is the perfect public vehicle to get acquired by. better than merging into a shell with no cash
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