Yeah, I hate it when people say things like that. Find a company with similar size, similar potential for growth, no profits or lower profits, and higher P/S, then you can complain. A price of .06 for a "purely speculative" stock may be fine, if the potential future price is much higher. Absolute share price means nothing except for psychological effect, or if it is too close to tick size.
I also hate when the financial news mentions that some stock is up or down by some dollar amount and don't mention the price. If I'm not familiar with the stock and don't know the general price range, that means nothing to me.
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