There is simply next to no volume on it right now. After thinking about it for a while I opted to average down on Friday and I was behind 25% of the day's volume with my one trade. Kinda sad really. To say that this has been mismanaged for years is a colossal understatement.
That should have been the press release the other day
Of course I read the news. In addition to the layoffs, the story went on the say that they are in aggressive acquisition mode - which is why I posted the note.
I will definitely be interested in your trip report. While I do fear that my investment is lost on GTHP there is always a sliver of hope for a deep pocketed partner.
The posters here with rose colored glasses seem to be ignoring this simple fact. They don't even have the money to fulfill their only order in a timely manner.
If this was worth anything at all someone would have already swooped in and offered .05 share.
This is without a doubt my worst gamble in many years. I knew going in that it was a gamble but I never dreamed that it would go do .01. Amazing. I don't see a way out of this for them.
Why would anyone order machines from them when they don't even have the funds to fulfill the only order that they have???????
There is nothing short of a FDA approval (more than a year away) or a cash infusion from a partnership that s going to save this company. Nothing.
I could never advocate buying enterprise software from a company with a shaky future so I can't imagine an entity signing an order to purchase machines from GTHP when all signs point to their imminent demise.
I'm not bashing - I'm simply saying it how I see it. I stand to lose some serious coin with this gamble that I took on GTHP therefore I truly want success for selfish reasons. I just don't see it happening.
.024 - REALLY???? Next stop .015 - more likely than .05 that's for sure.