I decided to jump in at these discounted levels. PO3 has always been on my watch-list, and I do consider it to be a high quality company with blue sky potential. The register is very tightly held, so you are going to see dramatic moves in both directions. While I had some concern with the lack of attention to detail in the recent Quarterly update, I don't believe that the company's technology doesn't actually exist and this is all smoke and mirrors.
When you get on-board with an emerging disruptive technology, you have to accept that there will be hiccups along the way. The road to OEM acceptance is undoubtedly a tough one, because they are entrenched markets. But when one goes, it will be a domino effect.
Remember - most people are poor - only a minority get wealthy on the share-market. What separates the get rich quick dreamers from the profitable investors is patience and conviction. Some people have it, some people don't. There can be no reward without a degree of risk.
That being said, I'm not sure where the bottom is, but right now we are below Bill's entry price of $2.60
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