Hi Rifici
"'m getting a little pessimistic about this stock as generally the market is correct with these microcap stocks"
Sorry mate but that isnt right at all. The market is less correct with microcap stocks than with larger companies.
With larger companies, more analysts follow them, they have the more shareholders and their business is better understood. This leads to more rational pricing.
With a $8m company that could do anywhere from 15-25m revenues and anywhere from a 1m loss to a 3m profit in 2008, the opinions vary.
Im as annoyed about the SP as everyone else and for the life of me i cant figure it out. But I do believe that the SP is not an accurate reflection of the business and those that are selling atm are selling too cheaply.
But each to their own, and opposing opinions is what makes the market what it is.
Cheers
Livas1
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