Once again for the board, pinksheet stocks are not based off of it's profits and performance. The pps comes from OS/float.
WHY????? because you can't do P/E without audited filings to show true numbers. It is done to stop manipulation because if they could they would put out fraudulent numbers manipulating the stock.
Only OTCBB and higher exchanges work off of P/E.
If you don't believe me go ask someone else or do some search on it.
Ditto - I'm continuing to pump in a few dollars each time we dip to .006 and below. Obviously, there are some oddities with this stock and its key players, but the potential gain outweighs the risk (IMO). Honestly, the behind the scenes drama has made this one of the most interesting plays I've made in a long while. My fingers are crossed that the story will have a happy ending for all!
Any word on Q2 financials? If we have a set date, I might be inclined to buy more sooner, anticipating a spike on their release day.
just bought another 117000 shares. still belief in this play. Even with O/S 403 mill PPS is very low: With Net Profit about 4 mill/403 mill O/S=0.0099*17(industrial rate-which I took without growth potential in China)=0.1687 very conservative price at the end of this year.
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