well shawn, doesnt surprise me at all...
...and you make some solid points. im trying not to waste my time in front the computer screen from bell to bell everyday as i have done for years.
i am buying a few here and there but i believe that the penny market is now in a slump and i have no clue as to how long it will last.
i think what is saddest about this micro-mess is that the really good companies dont seem to give a flip about their stock price and rarely, if ever, put out a press release. i notice that CDLA put out a press release a year or so ago and didnt even mention they are public. then there is PPMD that is totally silent while the biotech world is abuzz with interest in stem cells. and WSTD where the new president is willing to pay 29 cents a share for the stock in a private transaction but could care less if it trades over the counter for a nickle. its just weird.
on the other hand the companies with next to nothing to offer pass out shares like candy and manage to attract the dollars -- you just rarely see any enduring fruit as a result of it all.
keep in touch buddy,
Lazarus