Toby is a factor but his pump is old news now. There is more going on including the mention of Samsung by Dr. Faessel. Unless Signorello dies again, we are unlikely to see a repeat of the precipitous drop.
The May 8 OCZ announcement may have more to do with getting parts quickly than any long term strategic alliance. If Iceweb can get the financing and the parts, they can ramp up production very quickly. And don't forget that once the Iceweb devices arrive at the customer's site, they can be setup and running in about 5 minutes.
Food for thought indeed, let's keep in mind we are talking about a stock on the otc not the dowjones or amex or even nasdaq for that matter. Case in point let's take a look at a stock that trades on the otc named lode. Here is a company formerly named goldsprings that has never produced anything but debt. They have an eps of -.75 and yet in 2010 they went all the way to $4 pps. And are still trading at around $2
That's what the otc is about investors don't care about the fundamentals they care about the future price and improving fundamentals. We want to know what it will be worth three or four years from now. And let's face it if google was to announce a buyout of iweb it wouldn't be for .17 cents a share it would be for at least $3 per share.
Iweb has positioned themselves for this very interesting scenario. And don't be surprised if iweb shows a mind blowing quarter real soon that leaves everyone scratching their heads including myself wonderring how did they pull that off. Never saw that kind of increase in sales coming. Because that's what could happen with their incredible technology. And that's the second key word technology.
Technology giants are made overnight let's not forget what sector we are talking about here. They could very easily have that kind of year this year in the tech industry. You just never know when all the giants might place ridiculously large orders in all at the same time. Its that kind of industry. GLTA LONGS!
I agree with you ice. And, the resistance points are at .18 and .24. If we did happen to blow through .18 with authority at some point, there is very little resistance from there until .24.