Since they filed the 10K, and 3 revised 10Qs, I assume they intend to file going forward, funds permitting. As such, the "E" is not really "the" issue of concern IMO.
Regarding the price, it reflects supply and demand, as it always has, which may not reflect reality. We simply don't know and are uncertain. If the reality is that the company is done, and the market knew it, the stock would be at zero. If the reality is that there are some very large deals in the works, and the market knew it, the stock would be many multiples higher. The fact is, the market just doesn't know what is going on behind the scenes, and clearly the company is being tight-lipped about it at this point. I don't blame them one bit: A lot is at stake.
Regarding the CEO, this company is the culmination of his life's work, and I am certain he is committed to getting it back on track, and I believe he is working like crazy to make it happen. So far he has always been able to get the funding he needs. At this point it is less certain IMO because of the departures, but the potential is still there for a longer term homerun.
Penny stocks gyrate all over the place, and the market in general has been severely depressed. PCLI could still do quite well. Funding is key though. With faith win out? Only time will tell.
ted
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