RE: LOW volume spec brings up 3 cents
Near Magazine was an expensive bluff to scam investors into buying into the CLQ idea.
Yes, they are the network leaders, but they are NOT as accurate as GPS, which questions its need to consumers. Today's post from another poster just asked us to cry. The BEST that MF can do is propose a hybrid solution to a country and beg for money for a refinement in the GPS solution, AND get meager investors or Aimtronics off his back, so that he can be homefree with his family wealth. It's nice to do it respectfully of course, but in business, you can always claim ignorance as bless, like the CEO of Bre-X. MF may be forced into this position in future months, while still holding on to childhood ideals.
Yes, they don't have pinpoint accuracy like GPS, and yes, they have fallen behind the competition, and, yes, they do not have the liquidity of a US stock, and yes, they are rapidly running out of money, and, yes, competitors, that they have cited to compare themselves with such as US wireless have already declared bankruptcy, a courtesy to its stockholders.
There are NO reasons to buy or hold CLQ except that longs have lost big money and are not responsible or experienced enough to sell.
I am today sidelined. The market gave me a 45 cent out, thank god, worse below 40 cent. A transient bull market today provides a convenient exit, but the downward trend fundamentally WILL continue relentlessly.