lhs, it is true that 99% of pink sheet stocks are terrible long term investments. But some of them can be very good investments if your timing is right. I am not a genius when it comes to timing, but I am one of the few people on this board who has profited from this stock in the past. I would say that gives me some credibility.
I ridiculed this stock all the way down from its peak at $.12. The stock was obviously a terrible investment at that price. I raised lots of questions that no one could answer. Then the news stopped, and I bashed the company relentlessly. I will admit to that. I was right to do so. The company had abandoned its investors and had not followed through on any of its promises.
Now we have a spark that could grow into a raging fire. The company is alive again. I think it might be a good time to be invested here once again.
I am glad that you still have 100k shares. If the press release is just a flash in the pan, and the stock goes back to $.01, you will not have lost much. If the good news continues, this could easily go up 10 time the current price. That would be a nice profit.
The best investing advice is simple: Buy low, sell high.
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