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Anybody in this thing? I got in at .0092 but it dropped to .0071 last week. It was more of a medium term pick for me so I wasn't expecting anything quick but I am a bit concerned. I've done alot of DD and I know they have some debt problems and some past due taxes totaling about 3MM. The company seems to be making the turn to profitability so I'm banking on the company restucturing the debt and hopefully obtaining a payment plan for past due taxes. If the company were to be forced into BK nobody gets paid but I know its a long shot. I was just cureous if anybody out there had any thoughts on this one. I'm just not used to taking such large losses so quickly, recently moving from the $1 world to the penny world. It's just much more fun
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Yah, the bid/ask spread on this thing has been huge which is another thing that confuses me. It causes this thing to go up and down 6% on just about every trade. MM's screwing around I'm guessing. I guess with the low volume as of late it shouldn't be to surprising. I guess I'll hold for now and try not to look at it on a daily basis. It's just too painfull.
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