Char,
I hope your entry point is low enough that you will get some returns. I think the company can have a market cap equal to 35% of revenue, if investors feel that they can become profitable sometime in the next year. They will be over 60% of revenue if they can actually turn profitable. Even if you assume 500M OS the stock price can be at 0.02 in the first case and can go higher if they turn it around to profitability. Hence, this can be a good value play.
I have not taken position at the current price for 3 reasons:
1) There is a risk of reverse split. Total speculation at this time, but it is creating a drag on the stock.
2)The stock has not found a bottom in this downward trend.
3) There is a lack of excitement about the company at this point. The board here is basically dead. Nothing is shared about the company with the exception of all the complaints from longs about the dilution. Also, the attacks on new posters/potential investors are driving them away. If the longs here can not attract new investors by providing good analysis for new investors, the stock will never recover.
I have done a lot of DD on this company and have asked some basic questions from longs and have not received any replies. I think good investors should try to recruit new ones to help their investment grow. This should be done by providing honest and unemotional analysis. I may take a position here, but I am not comfortable with the SP not settling at a bottom and the fact that there is someone on this board that will drive any new investors away once I take position.
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