Marcie...
The only times that I've seen <$1 stocks drop like this are either
when they announce bankruptcy or 2-3 days before something extremely good happens. There you have it, the ultimate fence riding position.
But you can see below that they are on the very edge.
Good luck everybody. If I sold now, I would get nothing anyway, so either see you on the top or down at the very bottom.
June 30, December 31,
1998 1997
Assets
Cash and cash equivalents $70 $249
Accounts receivable 855 3,085
Inventory 3,230 3,421
Other current assets 107 129
Property and equipment, net 82 99
Total $4,344 $6,983
Liabilities and Shareholders' equity
Accounts payable $823 $801
Loan payable, bank 209 548
Other current liabilities 1,052 1,205
Preferred stock 2,145 2,145
Common stock 17,667 17,667
Accumulated deficit (17,552) (15,383)
Total $4,344 $6,983
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