RE:I have stayed away from talking stock valueFolks to fact check what I said 10,000 million annual sales from BTS is in the August 26th 2022 news release...it further stated that there was 5 million working capital on hand. And yes LG News release was in fact December 13 2016 and it stated there was volume orders. There are penny stocks with 0 revenue what to speak of 10 million accretive over an annual basis that is trading more than this.
Like I said I don't believe fmv is less than a nickel but that is me as a lay person and as I said I would be looking at the .02 to .03 as my preferred range so if the shares don't move much I can still do ok at selling around a nickel although definitely not what I am looking at. For as long as under a nickel in the .02 to .03 if I can grab I will but not above again this is just by experience dealing with junior solar companies. Most end up over diluting because they don't have enough revenue through contracts. Egt is a bit of an unfortunate situation where they couldn't afford not to take sales to earn future contracts but that put them more in the whole as it was a lot of times on parts vs more volume sold units and they have been constantly bit by that. There were a few really bad dealings that ended up resulting in massive dilution at a nickel where a German company breached a contract I was passed when holding shares then. When juniors get screwed over they can't put money into lawsuits and have to take hits and I get really upset with people making such breaches it happened to me while holding shares in Mission Ready Services so the only thing I could see is for juniors not to fulfill any amounts of contract without securing a firm 10 percent payment. I forgot the sum Sommenbatteris GH was supposed to do but it hurt the company and shareholders a lot with a 2 to 3 million raise at a nickel. In Mission Readys case it happened twice once on a 500 million order agreement to a Mid East government they breached it the company got 0 had it secured 10 percent down that is 50 million. I was pissed and didn't think if it was in Canada or the US that type of thing would happen. As it turned out it did. Mrs had a order for 8 million with an initial 2.5 million purchase order agreement from a police organization in the US that got scrapped. I was super pissed because a foreign government is one thing but I always thought Canada and US government arms would honor what they signed...nope. Management said they would pursue legal matters vigorously but couldn't due to its costs. To make matters worse the US government most likely knifed Mrs or somebody interefrerred as it supplying status where another company Advance Diving Supplies was getting contracts they shouldn't have been and they were getting grilled but from what I have heard with 0 consequences. Mrs just was hit with what I think some real foul play that management called it quits they couldn't overcome the dirtiness going on and now the shares are on the venture neo not trading.
Moral of the story pennies will not be able to easily handle any lawsuits even when wronged and they should ask for at least 10 percent down. No payment no contract no news to report to shareholders. It us brutal out there and why we need to take money off the table when profits are there.