This was a stock a traded a little over year ago and made some great money..i think it was close to a 60K a profit. My entry point was between .0006 and .0007 and sold pieces over .02 and higher. I also remember posters by the name of Soros and Gambler that said there was NO chance of the stock reaching these levels.
Now the stock has hit my "radar" screen again and might think about trading the stock again, but it appears the company is structured quite a bit differently in just over 18 months and thought maybe I could get some unbiased informtion from this message board.
It appears the company has diluted itself to extreme levels. When I bought the stock the last time, I think the number of O/S shares was somewhere around 300 million, the company was reporting financials and organizing conference call for shareholders. If I'm correct, the A/S share count is now 2Billion with O/S share count at over 1.3 Billion. That's quite a large increase without any real proof of adding any value to the company's business model...but that can also mean a good time to make a sub-penny trade.
I've read a couple of the recent PR's and appears the company is struggling to really find a way to get the business plan back on track. This new merger with another local small business, looks as if they are putting another dead horse in front of the cart...but I'm still curious to what there plans are for the future. And, with a proper promotional campaign, maybe the stock can try and make another little "pop".
It looks as the stock will probably trade lower until any "validated" orders or financials are given, but maybe this new merger will start the ball rolling again. I think at .0001 or .0002 might be good trade for a 100% move...until then I just sit and wait patiently. Good luck to all.
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