I would stick with mutual funds and stay away from individual stocks. You have to pay close attention when owning an individual stock and constantly be aware of their finances so that you can weigh the likelihood of things like dilutive financing deals or reverse splits that can reduce your value against the speculative value of future growth.
So true, the financiers are the only ones making money at the expense of poor saps like the fellow who started this thread
Seeing as they are moving away from Nasdaq so they are free to dilute shareholders without a share holder vote, you may want to hold off till we see how much dilution is coming on the OTC. Could see this in the low 20's within days
well there you have it, Delisting so they wont need shareholder approval to issue more and more shares. Scary to think of the dillution on the way once we move to the OTC.
"We no longer have the obligation to obtain shareholder approval for the issuance of securities with respect to the private placement as we are moving our listing to the OTCQB..."
Just seems to be the MO on this one based on previous splits followed by dilutive financing. Not so uncommon I guess with developmental stage companies. With no stable revenue source, it's get financing or go bankrupt.