@Maxlots ... It's pretty close to 50c now as some of us predicted. Are you getting ready to sell yet?
Interesting lack of comments from all those super bullish posters of how great AS was going to be etc..
This has now completed the round trip from penny dreadful of 40-60c back in early 2018, to over $6 and back again. Remember in 2018 the Bluemist unit was ready for sale...
This company is just another hard lesson of investing for those still stuck here. Low volume stocks have to be traded very carefully, get in, and out when you can if it doesn't reach the goals you set when entering. Thinly traded stock needs to be exited when there is still demand for shares. 5000 shares pushed the price down 13% today!!
Another lesson is never ever believe the rampers when the stock is plumbing new yearly lows. The rampers are clearly wrong if the SP is at 12 month lows. (The opposite of this also applies, don't believe the down rampers if the stock is at 12 month highs, they have missed something).
I've been negative about PO3 since I exited at $3.70-80 over 2 years ago. The price was going down at the time so I had a long look at why I was wrong with my investment. IMHO it was the ozone factor that the FRG unit created meant it would not become a major household appliance, so the company valuation based on owning a license to market the device wouldn't be profitable. There is nothing unique about an ozone and hydroxyl generator either, there are plenty on the market already.
I feel sorry for those stuck in this and hopefully they come up with a product eventually, but more importantly it generates a bit of market hype and allows some of you to exit on a volume and price spike, to some other unfortunate suckers, that don't look hard at what is on offer here.
Even if they do eventually come up with a product or 2 here, the minor uses of cleaning air conditioners is not going to make huge profits for the company to distribute, so getting money back in dividends is highly unlikely, especially with the cap raises that will have to happen to get production and marketing happening.
If this technology had been unique and any good, they would have had products selling years ago.
Good luck to holders on your other investments...
