RE:RE:RE:RE:RE:Who is selling? And WHY?Hey I get it. High risk high reward is always worth taking a look at. The problem occurs when you underweight the risk, and overweight both the magnitude and likeliehood of the reward.
Kind of like lottery tickets - the expected value of a $2 ticket is $1. Except in this case your the expected value of your $0.10 investment is zero (rounding error).
I have followed this management team from Hey Brian (bankrupt) to FastTask (bankrupt) to Komo (about to go bankrupt) out of a morbid interest. In each situation they have a monthly spend that far outstrips their meagre revenues and they try to obfuscate their prospects with lots of media / hype.
Ask yourself: "Where are all of these monthly operating expenses going? What on earth are they doing with this money?
At this point it should be going into inventory, sales and marketing.... some admin? Mostly it's going to founders and overpriced consultants who hype the stock and raise capital so they can continue to pay themselves at your expense.
Ultimately large cash operating losses are like having cement strapped to your feet and being dropped into the ocean. You can tread water for a bit...
Please if you are not an insider do not put any serious money into this company. If you have a few hundred bucks or a thousand.. whatever fine. But do not put any money you don't want to lose in because there is a 99% probability it's going to zero.