Why all the optimism? The company saw its revenue drop from $21M in 2011 to less than $1M in 2012. At end of 2012, it only had $183,000 in cash.
On 5/15/12 the company said that the reason for decrease in revenue was due to past-due receivables, about $8.6 M owed. Well, if you read the next three quarterly reports that money was never collected. Looks like it was a write-off.
High cash burn, inability to collect money...there's a reason why this is only a 2 cent stock. Irrational exuberance may move this higher for the next week, but many of you will be holding the bag when the traders
are done and this moves below sub penny. Seen it happen too many times to similar companies.
That's why it was smart to buy and sell it at 0.01, and 0.02.....if you buy at 0.03 and hold till monday, and all those hedge funds sell their shares at lightning speed before you sell yours you'll get crushed left in the dust..with meaningless paper...Yesterday was a perfect chance to make $$ in my opinion. Fluctuated from 0.02-0.03 three times in less than an hour.