Welcome to OVIS, Riley. All the long time investors of OVIS have already read the Equities article. That's one of the reasons why we're still here, and many of us keep averaging down (3 times for me). Your enthusiasm is very welcome, but we've learned to keep our hopes somewhat conservative (even though we're well aware of the possibilities). That's what happens when you've been around long enough to see one or both of those 90% drops mentioned in the Equities article.
In case you haven't read many of the recent posts, the company is working on a contract with Kids R Us. It's supposed to be released in the next week or 2, but remember that any business deals are subject to delays. Also, it's their intent to get listed on the American Stock Exchange. The Q4 results should be out soon too. They made $0.085/sh in the first 3 quarters.
At first glance, your imagination seems to be running wild when you said that the price could hit $20 to $40. As a comparison, most of us would be elated to see .60-.70 right now, and $2 a year from now. See what this stock has done to us!!! <vbg> But you could be right. Contract announcements, good earnings reports, recognition, and the acceptance of the company's future growth potential could possibly send this stock 100 times the current price. A little momentum could turn this snowball into an avalanche, especially because of the small float. I think that all of us quietly believe in such great possibilities, but this stock has knocked us on our butts so many times, we feel more comfortable with a "mere" double or triple (based on our own average cost).
As far as the shares in friendly hands, I'm guessing that this thread owns 150k-200k. Just counting myself, one other on this thread, and a non-SI member, we own about 52,000 shares. I wish I could buy more right now. Recently, I've been trying to inform others about this "too good to be true" stock because I feel it's on the verge of turning around. It just seems too unbelievable so it's very hard to convince people. But the risk/reward makes this stock worth buying IMO.
Anyways, I'm sure I speak for all when I say that I'm glad to see a new investor on this thread. Hopefully, you're the first in the wave to come. Us old timers are getting tired of trying to buy up the entire float by ourselves <vbg>.
Mike |
