Brad, I did call them. My personal feeling on this one is that there is something brewing on it, and based on that I took a small position.
Talking to their IR person is useless though, as quite frankly he has nothing to say. My main concern on a company like this would be whether they can fund their research long enough to be able to bring product on the market. Asking him about finances I got a reply something along the line of: "I can't answer any of that, but I am not concerned, and that is all I am going to say" A few similar reply's like that, and a promise that in a couple of weeks the quarterly would explain all, left me wondering what the guy thinks his job is. But if I read the newsreleases right, he is getting 5 K a month to lure in investors, so maybe it is just a personality thing.
Either way, the last few days showed some stronger trading, with large bids (250 lots on the bid at 0.21), and a little nudge upward. And I do believe the company is cheap compared to what could be there in potential. What is your feeling on this one?
All the best, Robert |
