My thoughts for considerations:
1. Why the company became so transparent; on scottrade o/s 332,6 million shares. If I wanted to delute more I would keep my mouth shut and brag about anticipating revenues and positive net profit to entice more investors.
2. Recent Q report states that it has cash for operation only for April? If so, the company half dead and a vigilant investor would think twice before getting onto this wagon.
3. What about 50,000 prefered shares that insiders will convert in the future.(salary matter) Do you think they stupid not converting lets say in December. They would have gotten much more money back in December than now. Why didn't they convert before but still waiting- for miracle??????? more delution because the company does not have money to operate in May.
4. On the other hand, we know that the other income in last Q was 20 million, even if it is from derivatives it still considers as the company's net income.
5 Moreover, we patiently waiting for next trial resullt which I think would be positive.
All is my opinion: my stake 590,000 shares with average 0,003. Goog luck to all. And please do not invest based on my opinion, I'm not an advisor , I'm a speculator.
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