Thank You!Thank you to all the dooms day predictors and also inpart because of the CEO selling anouncement, I was able to get in again at the ground floor. I was a shareholder before but sold it (no where near the top) but I am glad to be in again. Things I consider:
- This is a penny stock: so of course high risk.
- This is still close to profitable for a penny stock
- There is promise for exponential growth
- I do think the CEO is sincere. Dont know enogh about his capabilities - but he has brought the company to predictable production. How many penny stocks say that?
CEO selling:
- I dont think he publicly dislosed a price (could be in the $9 range that from what I remember he had said long time ago).
- It's ~10% over 36 MONTHS, and also would be orderly. People will forget this soon.
- He will still hold a lot of shares
I like the risk reward here :)