To be quite honest if I wanted a lesson in the ris
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Posted On: 12/01/2020 11:29:59 AM
To be quite honest if I wanted a lesson in the risks of Penny stocks maybe I should go or should have gone to the local university and take a class. It would have saved a lot of money.
Sorry I digress. To answer your question I hope there is a way they will generate significant sales. I have been around for a long time and see it as a possibility. But it looks bad right now. And basically right now management can be doing whatever they want - including using it as a fundraising to spend it on their own salaries. The correct thing to do was if revenue could now be generated to do it without hurting us shareholders like this. It is not good.
Sorry I digress. To answer your question I hope there is a way they will generate significant sales. I have been around for a long time and see it as a possibility. But it looks bad right now. And basically right now management can be doing whatever they want - including using it as a fundraising to spend it on their own salaries. The correct thing to do was if revenue could now be generated to do it without hurting us shareholders like this. It is not good.
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.