Jagman - You give logical, well thought out reasons for being very cautious. One has to weigh this with the positives--and make an individual decision. Also factored in, in my opinion, is the price of .04. Then one weighs the risk/reward ratio at this price.
I disagree with Techisbest that the waiting period may be several years. It may be, as he says, several years for the full expression of the technology to be operational in a steady stream of consistent revenue. But I believe, like ALMI, it can triple or quadruple or better just on the more certain expectation of things to come, I think that expectation will be realized this year, and possibly within the next few months.
What needs to occur is basically an answer to the realistic observations you make. I simply believe the stock is way over penazized for its current situation. Waitedg