Q: Peter and His Wonder Team
Of course I am a long time holder of this company and a down a ton. Do you think this company has any ability to advance? I am down so much it seems better to wait if it has any chance to progress. In other words I have a lot more to gain than lose by waiting...if you know what I mean. On the other hand I know we have to accept our losses. Thanks for your opinion!
Of course I am a long time holder of this company and a down a ton. Do you think this company has any ability to advance? I am down so much it seems better to wait if it has any chance to progress. In other words I have a lot more to gain than lose by waiting...if you know what I mean. On the other hand I know we have to accept our losses. Thanks for your opinion!
5i Research Answer:
At only $10M market cap, simply the cost of being public is a big drag to the company. It has some cash, but cash flow is weak, and it would take a very strong turnaround to get investors interested in such a small company again. We would prefer to take our lumps and move on.