Charhorse...
I admit it is hard to find a penny stock with 25-30 Million in revenues on the brink of profitability sitting at 5 cents. That said, in my opinion the financing is killing us.
I own a stock, ATC Onlane, ATCA, that went through the same mess about 8 years ago.Dropped from $7.56 to a few cents, if I recall correctly. Classic death spiral financing -- but the company had no other choice to stay in business.
They did a reverse split 1:100 and went semi-private, meaning that they did not have to file financial reports, but you can still buy the stock on the open market. They had one major client back then, Honda, and now they have virtually every auto manufacturer and everybody else under the sun as clients...making boatloads of money. I think I will make my money back in the next year or so, when they start reporting publicly again.
Maybe OGOH can get through this and not have to rely on this type of deal. Only then will we go up, in my opinion. Only when the dilution ends do we stand a chance. All in my opinion of course.
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