I agree, except for me the worst case would be to write it off on taxes. I didn't get to watch yesterday's bloodbath nor will I get to today but I am comfortable leaving my computer as I too believe we have us a winner here. I've averaged down from .0029 to .0013 with over a million shares and personally I like the potential upside. It's worth the risk. I am looking for a target of .006 but would love to see a penny. That is 10 grand in my hand. We have strong leadership on the board of directors and given some time we'll see PAYDIRT! Flip if you want and stay long for the big bank ... it's coming!
@XXWIDE: I'm going to use 1 of my only 2 alotted posts to congratulate you on an EXCELLENT and very practical way of looking at this trade. Your assessment of where we are, right now, is totally reasonable, and even optismistic, considering the growing complexity involved with all the moving parts at play here.
Pretty wild scenario but left out a few things. Merger could happen and when the financials of Kool come to light they may be very disappointing.
As for losing the entire $1100 in this case, to some that may be a substantial amount of money. To dismiss that loss is pretty presumptive and doesn't take into consideration those who may be gambling with their last money.
Huge gamble for a company with a history of failure and the people that run it buy companies and run them into the ground. And this Beatty character that is supposed to be so wonderful had another company go into default right at the same time ASYI filed their reports at the last second. Allot of speculation for a stock that might produce or might go bust.