Well, I think initially we saw a possibility here, or we wouldn't have invested. In my opinion, a penny stock is to be treated as very speculative, and funded with money you can afford to lose. Casino money, lottery money. Knowing that the odds are greatly stacked against you, but hoping this might be that longshot that comes in. I thought it was a novel idea, and threw some money at it. Didn't do months of research, saw a big write up in the Detroit paper and said why not. At this point, especially after 2 reverse splits, I don't expect to ever see a return. In fact, I have seen nothing but regression since I first bought. In the beginning there was not so much debt, there was huge media coverage, there was active trading, there were no lawsuits, there was a large presence in national conventions, there was talk of uplisting (we saw the wretched results of that), they were hiring "industry leaders" (as defined by them), etc. But today, nearly 8 years since they put this together, where are we? A non-reporting company straddled with mounting debt, historic low stock price with virtually no trading, and little to no consumer interest in their products. Why should this change tomorrow? Many think the owners storefronted the whole thing and used their stock trading as a self-serve atm, knowing it wasn't about product line, but stock trading. Accused of bilking the investors. Maybe so, maybe not. I'll leave that part of the analysis to others, as I blame myself for a bad investment, and know you don't win them all. The bottom line is, the company has never put out a product that has shown any sustained interest, sales, or revenue. It's time to stop pretending. And yeah, you're right, they are dead for all intent and purposes. When there is no interest in a company's stock, or their product line, the DD for new "investors" becomes incredibly easy.
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