RQ,
While I can agree with what you're saying about GG now, in the past he too made noises like, we'll be on the Nasdaq by the end of last year. I believe that GG has tried to boost the share price with his words, and not succeeded. Now he may be playing it low key and building the company right in front of out eyes, if that's the case, it will become apparent by what we see in the financial reports.
I believe that the company has hinted they will fall short of $4 million for last year, how short I don't know. The key IMHO is where they're going this year. The Annual Report, as I remember it, is due mid March, but if they request a late filing they get till the end of the month with no penalty.
The first quarter should be due just one month later, that should tell us a lot more about how we're doing this year. Again, I think they can request a late filing and get an extra week, but by mid May at the latest we should get the picture of what's happening. I believe the potential this year may be far greater than the $10 million, but if I'm wrong, bringing in the $10 million that's been specified should carry the stock to at least the levels you mention.
I believe that people who invest in a $10 stock are often satisfied if a year later it's $12, they're thrilled with $15 and ecstatic at $20. On the other hand someone who buys a stock for $.01 or less doesn't feel fulfilled if it's not a dime in a year, their goal is really a dollar or more.
I'll admit that any stock I've purchased for well under a dollar I'm always gambling on the greater gain, and willing to lose it all. I'm willing to wait years, but I want to see that sort of potential. When I first saw PCTL I liked the idea of what they were doing, it was sub penny at the time. I did purchase more at slightly more than it's at today, but I still believe it's greatly under priced. In time I do believe this stock could reach the Nasdaq without a reverse split, that would give me over a 100 bagger, but I don't expect it for years. I'm not overly anxious, I believe it's a good investment that has the potential of paying off big in time.
Gary