RE:Glad I bailed on MOM...I should have bailed at .22. Now I'm stucked. Averaging down is NOT an option. MOM is NOT showing (again) that it can go the distance.
If the success of this company was based on the number of private placements I would be in a profit position.
However, history appears to be repeating itself. A lot of good words but no bottom line success. All talk and no walk. Their other presceening device has fallen on its mechanism and until certain events occur for the Scout I won't be adding to my position. And believe me, even if these events come thru there is no guarantee.
Approvals, letters of intent, innovation awards, drug store arrangements mean absolutely nothing until the market accepts MOM's successful execution of their marketing plan.
At 10.5 cents there's a chance that history is repeating itself. FDA and CDFA approvals may not mean a dam if the revenue for these devices does not materialize.