This Stocks FutureI had this stock back when it did the reverse split. In my experience that has always turned out bad and I lost $7000 because of this action.
I would have to see .37 from this stock to get my money back.
I had really forgotten about this stock and gave up on the markets back then because of what EZ did and had sort of written it off as a total loss.
Then one day I went back and saw that my stock was still worth $2000. I had thought they were going to disappear altogether so it was like a gift.
Anyway, now I am sitting with 30,000 shares of a .07 stock that I basically know nothing about as I have not been following the last few years.
I guess I need some advice from others on here who know the company and what they are up to. I have read their latest releases, but don't know exactly how this will impact the share price.
I appear to have three options....
--Just sell it for .07 and take the $7000 hit.
--Wait and see what happens over the Winter. But I don't know for sure what I would be waiting for.
--Buy another bunch of shares and average down. But I might be throwing away even more money if these guys don't do anything.
Anyway, I realize nobody can predict what a stock will do, but I would appreciate a bit of direction from those of you who are knowledgeable about this company and it's future.
Thanks in advance.