another 50K + scopped today by mecare to offer more at 10 cents? Waiting...
Management here is really a bit dense in my opinion. Last year they gave frequent updates on the little portofolio and the share price went up. You got to keep people informed and the market loves to hear the results. It is a matter of keeping the story in front of people's eyes. Obvioulsy this company is not too street smart.
Now the stock price is down..no updates either. Is it related? You be the judge. I got to believe buyers like to hear stuff from the company. I believe updates help the share price. History seems to agree with me.
When, if ever, will this company grow a bain cell? Or, if they got a live brain cell between them all, when will they actually use it?
Back to waiting for more cheap stock...Buy now, sell later....this materials cycle has a ways to go in my opinion. Years to go, I think. Pretty cheap way to play it here. Lots of nice little companies for 10 cents a share? Some wealth management fees to pay the bills. Actually turning a profit with some cash on hand at last report.
The time to buy is when it is not active...like now. The buyers enter in force when the stock moves up strongly. That is when it is time to sell. This is fairly illiquid so best to buy when it is cheap and load up for the upward move. All my opinion of course but it workded for me a while ago when I bought around 5 cents and sold at 25-30. That was BEFORE this cycle had legs....now 10 cents looks cheap and 50 might be a longer term target.