Why?When the price of a penny stock doubles.. why do all the nuttos come out saying "it'g gunna fly to a buck!" or.. "BUY SO AND SO COMPANYY ITS THE CATS ARSSE"..
Why can't we just keep to conversation about this company? I hold just 109,000 shares at $0.04... and will be waiting for a 'crazies' to stop going nuts before I buy again. Don't be silly with your money - yes the news was good, is the company undervalued? yes. Is their product a great product? yes.... but that doesn't mean the stock price will act accordingly.
I see a bump tomorrow up to $0.12 to settle at $0.095 or so for the week.
If no news for the next few weeks, I see a slow return back to around $0.06 or so. That's when I'm buying more :)