Skobber
Congratulations, you are much braver than me. I for one would not buy this stock as it really is a dog. It may go higher but as sometime it will crash. This is a straight out trade only if you can find a sucker to unload onto.
I certainly would not be holding for the long term. The only red light/traffic stock worth holding long term is RDF.
I must admit to being totaly amazed as to why this has risen so much. What it really proves is that in the short term BS is much more important than facts.
The stock has risen significatly on the Davenport contract announced today(up 3.5 cents). Last week when they announced they were selected for this same contracts the stock rose 8 cents. So that is 11.5 cents(40%) on this very small contracts for 5 approaches. This is really crazy. In between the 2 announcements for the one contract the company released the dec quarterly. Revenues were a whopping 70K and cash burn 1.2M . The next quarterly will probably be worse. I am sure outlays will be higher and i suspect revenue growth will be modest. Cash burn will be worse than this qtr.
I definately do not hold
The only hope this one has to survive over the long term is too raise capital quickly. They need to place some stock while they still have the investment community bluffed.
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