wow. yes. they smell a big hedge fund seller. could be thousands of shares coming loose. just saw it on WSJ front page. i hope they don't close trading. that could cause turmoil across europe.
no one in a single post has made a case for current valuation levels. no one has made a case for sales growth. maybe me excepted. there is no way the stock is correctly valued at 69 cents. and certainly it is no bargain at this price. if it is a private company the company is worth maybe 6 or 7 million dollars. and public companies with collapsing sales and losses should almost never trade at a premium. why would you ever pay a premium for declining sales and losses? someday in the next few years jones will make a small profit, i agree. can it make millions in profit? i do not see how. otherwise they would have done just that in the last 5 years.
This what a Message Board gets when a poster has no clue as to what a "speculative gamble" means. Other than a few dimwits who support the long side by posting piled high hyperble there are no posters who can point to anything other than a possible change in the wind for this Company. A 10K share buy here risks less than $7.000. If you can't afford to lose that you can't afford to play.
I you guess right and the stock does perform as some expect it can reach $3.50 in a year or two. If not you lose $7,000.00 at most. No big deal unless you're a penny ante player and that sum is real money to you.