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"we have the updates to go off and they look positive. Those people don't talk to management"

Penny stock announcements are designed to promote the company. They should be taken with a grain of salt.

I've often spoken to management of companies. Their comments nearly always turned out to be rubbish. Remember, part of their job is to promote the company until it gets going. They aren't going to say, "No, sorry, this is a lame lifestyle company for the directors' benefit."