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IMO..."IF" you believe there is a real business here, this may be a good time to buy. Now trading at .17 which is roughly the cash value if you believe the company at least received the value of the bond of $12.6M in the suit with J&J. There is absolutely no premium built in for the business. Once again, "IF" you think there is a real business here, it may be a good time to buy.
Bought some at 15 cents but saving some powder in case it drifts lower. I think the delay in more news coming out caused the short termers to take their money somewhere else. Last couple of days felt like capitulation. Will see if that is the case.
Neal....looks like you will get the chance to use some of that powder as we drift closer to a dime. Berman must be very proud of himself as it appears he has lost complete control and continues to stand in the corner sucking his thumb while everything crumbles around him. Of course that is my opinion.
I don't see it as a KB problem. I think investors/traders get tired waiting for news and want things to happen on imaginary timelines instead of how things actually work in business. While I don't like the share price decline, I am still comfortable waiting to see if they can sell the heck out of the product. If they can, shareholders will be rewarded. If they can't, a dime will seem like a premium price.
While this may be just another attempt to pump the stock before another failed earnings release, I do not know. However, I do like the matter of fact business tone throughout this PR. There are a few pieces of new info within. Still have serious doubts about management but have always believed they had a real product that could sell very well if given the right environment, and management.