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uw86

11/14/13 10:01 AM

#4271 RE: ZachBuffett #4270

4 years ago this stock was .12. in 11/2009. some fantastic, trading or not.

John Bates

11/14/13 12:24 PM

#4276 RE: ZachBuffett #4270


Well, as for the investment opportunity, I think the situation made that somewhat limited. It was about 2-1/2 years ago that they were announcing an expansion with the pulse dryer purchases and comments about processing tons of product. The stock reached the .20's fairly quickly, but had little bid support. There were people in earlier via the Silicon Investor group, and some earlier PR, and they might have sold then, but it wouldn't have been easy in quantity and enthusiasm was high. There was time required for equipment installation, and a ceremony when that was done. A research report came out indicating they'd be doing $5M in sales in two years. It all fell apart rather quickly, with a Brazilian strike given much of the blame, but basically they didn't trust the market to allow them to go forward with the bulk sales plans. In no time, it was back to this range and lower.

I guess the problem is people have gotten in a bit too heavily due to prior hype. I'm in a slightly profitably position, but it has been very frustrating.