I've been reviewing some of the income statements from the old 10-Ks and correlating with the stock price and market cap at the time. The bottom line loss is already lower than 2010. However, the difference is that in 2010 things were still on the way down, now we are on the rebound. During 2010 Q4 and 2011 Q1 the stock traded between $1.05 and $1.79.
Now, at the time there were 30 million shares outstanding, so market cap was between about $31 million and $54 million. With the current share count of 38 million, that would back into a share price in the range of about 81 cents and $1.42.
If we begin to show some improvement in revenues, then we are off to the races - $1 would be a definite possibility this year.
that's what I saw too. MM CSTI has been popping up on the low ask, altho I dont usually check out L2,all over the place from 44-48 cents. This move was taken out at 32-34 and will be in the 40's as well. they are running out of shares to squeeze out of the weak and unfortunate and 50k in cash will strip the big sellers in the 40's of their ammo. I suspect in the next week it challenges 50 for the first time. so far my hunches have been right as it pulls back to 40.1 and reverses. do your own DD