but they have 800 million Authorized and around 325 plus million OS. Furthemore I have spoke with the company and they told me that they planned at some point on doing a reverse split.|
While you dont have to worry about liquidity..the spread is punitive.
Also you have to do the math and know how much you are paying for what you get. At todays price of .008 which appears cheap...you would have to pay around $25,600.00 to own 1% of the company.
There are a lot better buys out there. For example: ELXC has only 2.2 mill os and you can own 1% of the company for $1,600.00.[BUT NOT FOR LONG ...] So even thoough ELXC is exactly 10 times the price on the ask - you get 16 times more of the company for the same amount of $$.
They would have to do a 148/1 RS to have the comparable amount of shares....and then the ask would be 1.18 and you would have to buy 20,000 shares to own 1 percent of company.