I like WRIT. That play cycles nicely and predictably most times. Twice already, I've witnessed it catch momo and run to something like the mid .003's. No diluting Hx. with CEO doing everything to cut expenses while he tries and make a buck. If I'm not mistaken, their only significant cost is that of maintaining their 'current' status....24K it costs them in their last Q I believe. They've become bare-bones while trying to hawk their wares. If nothing else, gotta love a CEO who is well-intended and honest.
Now...what I don't like about the play is that they are a going concern and will not likely have funds going forward without securing some revenue-producing deal. They will have to find financing, sell shares or go non-reporting.
They've also had a couple non-starts with regard to 'momo', so it will be one to watch for sure. If the recent volume was buying from folks who know somethings about to be revealed, then that baby will run!
I know I'm 'preaching to the choir', but I guess much of the above is for those who might want to know a bit more about the play.
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