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Mytec's cash position declined, as I recall, due to a strategy to buy back shares and try to keep the price above $3.00. In retrospect this was dumb. The company actually is in the black, due to positive earnings from the Counterforce security business. As a result, I do not see Mytec running out of cash and going broke. Without new business from Touchstone, however, the share cannot support even current trading levels, let alone jump back to the previous lofty , speculative levels seen last year. My biggest concern is that, if Counterforce is as good as they say it is, somebody out there will buy out the company, at some bargain basement price like $2-2.50. For people who bought at $5.00 plus, this would be a kick in the head. Here's hoping this doesn't happen. |
