themarcllusman,
Most millionaires do not even consider messing with penny stocks in my opinion except as a flyer. I could certainly be wrong about this, but it is just my opinion.
They buy and sell in chunks of a hundred and hundreds of thousands of dollars in a stock at a time.
They could not buy penny stocks or sell penny stocks with any consistency without greatly affecting the buy or sell price before they complete their purchasing or selling of their complete investment in a penny stock.
They want companies that have a complete set of books and critera that they can form a judgement about.
They will bet on a pharmaciale company and not a one trick pony with no producttion and sales such as CBIS that has very few requirements for financial reporting.
This is not to say that some do not take chances and put out, to us, hefty investments in the pennies.
I have a nephew who with his father is a very successful FOUNDING PARTNER in a very SUCCESSFUL blue chip and large Venture Capital Firm in New York.
I am going to pass along to my nephew my hopes ABOUT my investment in CBIS.
My nephew might take a fling as a personal investment.He has the money and not me. I am just upper middle class some might say. I would say I am middle class with maybe the possibility of lower upper middle class if there is such a description.
I bought back some of my shares this afternoon that I sold this morning at the very price that I sold them for this morning which was .03. So I am only out my Scottrading cost for selling and re-buying. OH WELL, I did try to maybe pick up an additional 20% of what I sold this morning with additional cost. It just didn't work out for me, but I didn't lose any of my previous profit.
This is a very exciting stock to own and I am enjoying the thrills of the ride not to mention the hoped for profits at the top of my list.
GLTA AND MAY GOOD AND PROFITABLE FORTUNATE SHINE ON US ALL.