oh, some brave soul bought about $3k worth at .003, and lost a third of their money 20 min later.
Maybe this stock will bounce back, but I'm out. I was a top 20 holder of Biosignal. Regretably I held. Today, without buying or selling into RGM or ONL my stock sold for less than $100. Think about that.
Some lessons learnt
Follow the cash: are people paying for the product? Exclude internal cash transfers between related entities and borrowings. Look at profit, not revenue.
Look for opinion of unbiased, industry authority. If your company says its product is great, but the industry says it sucks, then it sucks.
Don't confuse product potential with product success. eg An anti-biofilm product is worth billions, but does Conoco think your anti-biofilm product works. Films in Asia gross billions, but does yours suck.
So I'm out. I sold to book a loss on the fear that ONL could go into extended suspension of trading, as it has done in the past for months at a time.
Good luck all.
Bobby
oh, some brave soul bought about $3k worth at .003, and lost a...
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