I am also trying to decide if a further investment would be worthwhile in reducing the average share price for me down to .13 or .14.
You are right about the risk. My last buy-in at .10 was with full knowledge and disclaimer(required by Smith Barney to execute the buy), that this money was a possible total loss.
I was not aware that the CEO who lasted a week or two, was from Land Ray. I only knew that the inside explanation was that he left, not because of negatives about PWSP, but because he was independently wealthy and decided he really did not want to deal with running a company.
I am going to investigate Land Ray further, since I am not familiar with them.
The only positive I can lend at this time, is despite a strong insider rumour (which I did not distribute)of pending bankruptcy, PWSP did not file, but only announced suspension of operations.
Now, I need to investigate debt etc. to determine the liability of them declaring bankruptcy. Maybe note holders etc. see a better future via financing further operating capital, rather than leaving it up to a court proceeding. In situations like this, it is very hard to determine the "asset value" of technology that has not had a true test in the commercial product market.
I think I may buy-in at .03 to .04 for the heck of it. Commission will probably push the cost up to .05 or .06
I don't really think that would drive the price up to .25
I'm actually due for a winner, holding the Iomega and Syquest shares that I do. My last winner was SoftNet, and that was almost 9 mos ago.
I'll keep posted. |
