That was the price of the stock on March 27th - the day before the company released a press release announcing a sale with the ME. From their the stock enoyed a nice run up to a high of 3.49. At that point some people decided to do a little selling. The stock continued a sell off as people lost confidence or decided to lock in some profit. As the 15th of May (date of the 8k filing) approached investors became nervous/anxious if the money was in fact in hand. As it turned out the money was not in hand. The company released an amended filing stating the delay, but not revoking the previous filing.
And now we sit and wait - neysayers on one side saying it was all BS and the company will be back to .30. While the proponents or believers say it is only a matter of time until the ME deal is finally announced.
Who is right??? Only time I will tell. I for one am still a believer. - Saudi Arabia is investing billions of dollars in upgrading their curriculum, infrastructure, technology, proccesses, and teachers. - Raffai spent years with the Ministry of Education - he has the contacts/relationships to bring this deal home - The company has ensured Raffai will get paid very well when he brings this deal in - Pilots proved to be a success - Saudi's want to start getting this equipment into the schools - This day and age a company doesn't risk filing an 8k unless they now they will receive the money - especially a company with a former Governor and White House fixture and a prominent attorney on the board of directors.
although you try to sound positive with a few blips of past hype Here are some real comments -I will name an individual who hyped it -I now speculate that they planned and all hyped it to sell their older options at higher prices. (that they held for 3 years at .10 range)Proof is in their sales at higher prices in mid 2's. Rafai probably has his kick back and additional gains on his trades based on the hyped run up -3 years Rafai has been working on the so called deal with no actions only hype -If members of the board were past governors and part of any government admin as you say then that truely means they are potentially crooked in my book -For Rafai to get a payout in the hundreds of millions it has crooked written all over it - Dead money for years if it can even hold at .65 - Volume is dried up as all players are gone that had the real insider info. They played it like a flute. -They hyped it to 10 knowing it would go to 2's or 3's max - KSA could buy the whole company in the 30 million range, why would they give them 500-700 million that was hyped - No far eastern countries trust the USA and live to get over on us any way they can - Tony couldn't manage his way out of a paper bag on a good day. Hopefully someone will spill the beans and he will go to jail for fraud. maybe rafai will make a statement and rat him out - There will be no .16 to .22 earnings as hyped without the 7.5 million deposited. About 30 days left for numb nut Tony to file. Probably another .10 to .20 loss for 2007 - I believed a very close friend and got burned for 60k here. I feel he was in on it and may reveal him.
Thank you for explaining where you're coming from. I am sure that if I would've held onto my pcsv stock during this entire last two months that I would be very disgusted, too. I was fortunate. However, as pcsvtrain says, "the deal is done." I don't know about $7.00 coming this summer, but I am confident that we will see pcsv at over $4.00 before summer is out.