So, are you surprised? Did you think investing in pink sheets came without risks? By definition they are startup companies trying to get a foothold. There is not a lot of credit available at reasonable rates so the only way they have of funding operations is thru issuing stock.
You either believe in the products and that future revenue will drive up the price or you don't invest. It's pretty simple.
If they raise $1M that should be more than enough to fund operations for over a year with the understanding that R&D has been severely curtailed with the release of MobileTrust. My concern is this revenue is not going to be put to productive use marketing their products but will end up solely in the pockets of Mark Kay, et al.
We have seen this pattern repeatedly. You can count on a spike some time in the near future after all of these shares have been swallowed up. It is holding up reasonably well for the volume over the past weeks.
I am taking a flyer at this point as I have enough shares as it is. But, if you are not risk adverse, you can hardly lose at these prices. As always, you should only invest money you can afford to lose in pink sheets.
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