Mike, the odds of future price appreciation necessarily get better as the stock goes lower and lower. The underlying technology is great, but the pity is that it is not being marketed.
I would be inclined to buy more at $2, since last time I looked there was about $1 cash per share, so IMO things would have to start going even worse for the stock price to drop below $2. If somebody with the right strategy and marketing approach bought this company sometime in the next few years, it could still be a big winner. But IMO this is a strictly speculative situation depending on a totally new approach to running the business. |
