RE:RE:RE:RE:RE:I bought 200,000 shares at 6 cents, double bagger incoming Carlita
The last quarterly financials were end of January. So we are going into month 5. In the previous 9 months these guys blew threw over 2 million dollars with 1.2 million going to Consulting fees! Another 200k plus thousand for travel and promotion. Another 200k plus in Management Fees! These guys are not shy about spending money so it will be interesting to see where their cash position is come end of July ie 6 month period!
So Carlita I would not say they are in strong shape as to cash but they should be in OK shape.
That said, very few companies even the worst of the worst ever trade below 2 cents so downside from 3 is really only a penny so at this price it does not appear you would be hurt as a buyer at .03!