This stock.... thankfully it is still at 4 penniesBecause I don't see a thing out of management except them draining the money for their overpaid salaries.
Now we are broke. And not a word from them as to how they are going to turn it around.
Broken up... the company is worth about 2 cents a share maybe. but... then they got that 5 million dollar US note. So really, it is worth nothing.
And management sits back smiling. You can be sure that they will be looked after.
The rest of us... well, we will be wishing we sold at 4 cents is my fear. We are broke.
And in any buyout, there is not going to be anything left for the shareholders.
Tell me something different. I hope I'm wrong. But I never trust people in this industry, and all I see in my mind is side deals going on all the time in the background. And F the common shareholders. Hard to believe when there are companies that own hundreds of millions of shares.
But I still don't trust penny stock promoters. And they show nothing and don't even say anything to make me believe it isn't going down the tubes. No one is buying the stock.
So much for all the potential. They get the permits and in the next week there is one buy for $45 000, other than that maybe $10 000 worth of shares trade.
This is going to puzzling me for a while unless I hear something positive.