I don't disagree with a conservative approach here...I'm not so sure that this stock will completely explode on a good filing, since there will more than likely not be PR's associated....so I certainly think there is a "chance" here to jump in directly afterwards...
But I still do believe that this current price range could be based on MM attempts to keep this low until a surprise...
I posted this on RB I think, but my opinion is based on the fact that if the price were to suddenly shoot up .20 after an exciting filing, the MM could stand to make more on 5-10mil in a resulting volume swing than they could to walk it up appropriately on the current volume, even if they make a consistent .01-.03 on 15-20 million shares of volume during that period...and then, probably no huge jump for them to capitalize if the price is accurately valued...
The MM's can certainly make a ton of off stocks that are undervalued and eventually pay off with a surprise...
Of course, there could have been just the right amount of buyers and seller since the last filing to match everyone perfectly at .05...but with the huge amount of volume since then, which theory do you more likely believe...
Anyway, I say all of that to say this...this certainly seems like a good spot to buy if the filing even moderately meets expecatations....we're undervalued here, even if they only produce 500k of revenue a year...So seems like a solid bet, UNLESS the absence of revenues continue...
I'm going to have a lot of trouble still believing in this one if they post another $0 in the revenue in August...I just don't see how they couldn't have installed and received payment on more than 16 units between June 30, 2004 and March 31, 2005...which anything above that they would receive royalties on in April 2005, posted on the Aug filing....
Anyway...I've rambled everywhere on this post...
Now as far as the valuation...We all know that OTCBB's aren't expected to be valuated in the same manner as the Big Board stocks, since lots of the $'s are put back into the company in some fashion....So if they put $500k on the bottom line in a year, I could certainly see that being valuated at 20-30 P/E, given that most OTC stocks are amazingly overvalued if they have potential...
Anyway, just thoughts...and my opinions only....still optimistic...actually very optimistic, but I like to think that I'm realistic here....To say that I don't have some nervous feelings here is an understatement, but I have to say that I'm much more confident than I've ever been on this one at this point...and haven't sold a share to this point....
Gaparrothead
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