Come on people....cherrydrpepper, polynesia, ummcpehe...
cherrydrpepper, thank you for being civil. I am only going by the facts. And the facts are in the 10k and prior plays by BMS...if you look at the chart for PWRM, you'll see the past present and future of POSC. Also, VKNG is a comparable type of imaging company, trading at 23 cents now too, but it has only 43 million O/S, $700k of cash, a decent current ratio tht covers their liabilities, $1 million in stock holder equity and sales of over $7 in 2009. SOURCE: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7070912
Comparably, POSC has $8 million in liabilities, $165k in cash, a $9 million shareholder deficit, sales of only $1.4 million but a LOSS of $6 million and 390,000,000 outstanding shares! Everyone knows Positron needs money, and that they can issue up to 800,000,000 shares, so think about their financing needs (it's all in the 10k and they say it themselves!) SOURCE: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7188729
Polynesia - I'm long, which I put in an earlier post that was deleted because I also said the stock would most likely drop. The difference is that I sold two-thirds of my shares into yesterdays gap up to lower my overall break-even. So, while I am long, my break even is also slightly less than 15 cents. So, if this runs to a dollar against all logic, that's great, but I'll get out before then with the rest of my shares. And if it crashes to a dime, I'll be out well before then with little to no loss or profit. Name calling though, really? Let's be cool man.
Umcphee - I don't short, it's not my style. Have you set your exit strategy yet?
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