RE: SPDon,
I emphasize with you - I too have been laid off for over a year, however I have been playing the market for a long time (but not always successfully). It scares me when you say you never played the stock market before and you picked the fickle penny stock market to break your cherry on. This market is the most volatile market next to option trading that you can get into and thats why gamblers invest in it - yes I said gamblers!!! The upside can be very rewarding however the downside is the norm.
But now that your in it and on paper you have done well - 3 1/2 times on your principle - it will be hard for you to pull out...and by no means am I suggesting that. But I am suggesting you cut your risk while your ahead, If you sell 15,000 @0,26 you will have recouped your principle and still hold 35,000 shares at zero cost. Therefore you can sit on it for years and watch it go up or down with out risk. I always say DON'T get greedy - but if you have zero outlay you can afford to be a little greedier with the money. I know there will be some people that will say thanks Don for the 15,000 shares at 26c when/if it hits a buck - and your reply will be I made $15,000 profit on 15,000 shares while you only made $11,100 on 15,000 shares.
Here is a tip if your Canadian - put these stocks into TSFA - that way you don't pay capital gains when you sell them.
You will of course have to pay capital gains on profit you made prior to transferring them into the account. Another tax saving is to put them in to RRSP but thats been around for a while.
I don't mean to sound condescending but you mentioned you're a newbie at this so I just thought I would share some of my experience with you. It would be a shame if you lost on this play and lose all faith in this process. There is money to be made but how much will depend on your greed factor.
Happy investing!!