They better come up with some big news or you'll be holding this thing for years because only a hand full of people are going to take them seriously until they do.
After the way they treated their shareholders this past two years their not believable until they do. Nobody that has big money to move the stock would touch this thing or even consider it after the way the buyout was handled. Stay far away from non reporting companies, you cannot even tell what is going on.
Unless they come up with the big contract or news, .10 is coming.
It's more likely that an offer for 5x market price was rejected for reasons personal to insiders as opposed to the best interests of the corporate entity or its shareholders. It's also possible that one could make a claim for breach of fiduciary duties to minority shareholders unless that share value comes close in the very near future to that buy-out price.
Just my opinion. I don't know a lot about this company or its prospects. However, it's hard to justify turning down a buyout at 5 or 6x market. IMO it's personal interest rather than the best fiduciary interests of management.
From my personal research, most people don't consider a pink sheet stock a real company until they start filing with EGAR or have financials for everybody to look at. So in my opinion, you cannot compare this to a small cap NASDAQ or higher. Most pinks never make it. Very risky to be buying this on the way down. They could make it but it's not likely. The one thing that will probaby happen if they make is that stockholders will be last in line.
Not trying to get anybody upset. Bear and bull make a market.
News 
Market Data 
Discover 
