Post by
tooez1 on Feb 17, 2023 9:30am
The 5 cent P.P. and salaries...
Most, if not all of the P.P. cash has gone or will go to salaries. We have not been told otherwise specifically.
With that thought in mind ask why anyone would purchase a P.P. at 5 cents when the stock was trading well under that amount; and , where did the money come from besides a smallish amount from an insider who gets paid from the P.P.
More importantly, if the P.P. was actually to be effective for the company itself, why hasn't the stock price risen. The P.P. has had time to have an impact ...it most definitely hasn't.
That no specific sales numbers have been reported (just rather vague references) is very telling.
Penny stocks are a gamble...we all know that. At this point this stock does not appear to be something to gamble on...holding is one thing/ Buying??? Why???