Ahhh, and I should add, that there are so many companies which began at 30c and made those who bought at those prices (and held) rich, such as Tandy, Xerox, Coke... hey, just get a list of successful companies and that's what you'll see. They began without any sales whatsoever, some of them; I can't think of the name, but a few years ago I was really impressed with a company at $11, with no sales yet after two years; people were excited by the idea of it, (and they were right, in the 20's last I looked, and beginning to make sales), just as some of us, who like a healthy drink that tastes good, are excited by this product. $10,000, or even $1,000, goes a long way in buying a stake in this company now. But as the price goes up, it will buy fewer shares. At $1, it will "only" buy 10,000 shares. Right now, it will buy about 35,000 shares. First come, best served... to paraphrase.
I guess I'm saying, again, that waiting for anything specific to happen before buying can be counter-productive; some will, because that's what makes sense to them, but of course I can drive a short distance and pick up the product. I know how fast it sells and I know what it tastes like, and how well it works.
But there's more. One doesn't have to taste it or see it; others have -- those distributing the product, and signing contracts to assure a supply to them. That's certain proof of the products viability.
I'm more interested in them bringing on more distributors, than I am of "today's" sales figures. Of course, I'm sure the first report that comes out showing 4c or 8c profits (annualized) will have an impact. But there should also be a new level of trading based on this contract with China, which is not only a $5 million contract (which gives us more than just an idea of that sales figure), but is more proof that the company is very, very real. Super-Kmart, Beverage Associates, Walmart, buyers in Kuwait and Taiwan, and now China, all believe in the company or they wouldn't be buying from them. I think people should really seriously consider this. The main reason for not buying a stock at under $1 has to be timing (belief that profits and stock price increase are far in the future) and concern that the company is not a going concern. As for timing -- who knows? Shipments to the N.E. have began; shipments to Taiwan and Kuwait are going well. Contracts are being signed. So as far as the stock price moving is concerned, it depends when some big players move in; that could be any day. (The beauty of being a long-term investor is you don't worry about this so much). And in regards to "concern": all those sales and contracts suggest that the guys who are buying -- and you can be certain, with all the money they have to spend to make space on shelves, and trucks, and seminars they give to market managers, etc, that they've checked out AQB or any company before they sign a contract -- suggests that these buyers have lots of faith in the company. For a penny stock, that's really good, solid proof. As I've said, I also drink the product, and like it, so that was pretty good proof for me, even before they began getting contracts and sales. Now we have the sales and contracts... from others who've tasted and used it.
Looks like I'm posting this after the U.S. markets close. Very few trades today, they all got in well under 50c. Lucky. IMHO. |
