To those who've picked up some cheap shares - thanks for buying late in the day. I think it has helped counteract the tendency of the MMs to drop the bid/ask at the close, and promoted price stability.
To repeat what I said much earlier - what this stock needs is steady demand for its shares. I believe that now, more than ever.
Steady demand is created by
1) Widespread exposure to investors
2) A good story to tell
3) Effective delivery of the message
Blue-sky should help with 1)
ETPI had better have a good story, if it doesn't we're all just speculating; however, due to the efforts of many on this thread, I'm as convinced of the potential for ETPI as I am unconvinced of management's ability to achieve it. As well, management needs to realize that they have to put money on the bottom line each quarter in order to eliminate concerns over its ability to make money for the shareholders. Overall, especially for long-term investors, I think we are at moderate risk on point 2). I believe the short-term risk is high because of management's unproven earnings generation capability.
ETPI had better be able to tell its story persuasively, otherwise 1) and 2) above won't matter. I think this is a key concern for all investors. I have no idea how good or influential Jeff Plank may be, or what plans Doug may have for rolling out the message to the investment community, but penny stock rags/tout sheets have been damaging to the stability and strength of the stock; they attract day traders and speculators we don't need, creating unpredictability that drives away strong-handed, more conservative investors.
Just my opinion.
Any reaction from the company with respect to suggestions they begin participating on the ETPI board here at SI?
P.S. (Not intended as an ethnic slur)
I can compare EPTI to a group of bedouins who have just come into posession of an artillery piece and ammunition. Who cares? They have the weapon and the ammunition, but they have no understanding of how to load and aim the weapon, or fire it! In fact, they are far more likely to kill themselves than anyone else... |
