RE: Boom12 Mar 2018 12:52
There is not enough clarity on contracts (especially quality ie margin, not just adding quantity to portfolio) or demonstration of management's competence to invest.
I did look into a quick flip for easy money but decided against as the spread was even more ridiculous than usual and lack of good quotes on decent volume. Buying multiple small lots with the spread on selling would take fees towards 20% and as I have previously been stuck unable to sell THRU saw it as not worth the risk with so much uncertainty. These low float, low market cap stocks controled by a few major holders are rarely fair game for a regular PI, you can easily lose 10% just buying and selling immediately.
For those going for long term hope I wish you luck, track history of this company is very much against you, for those in for a quick profit ai advise caution as tide can turn quickly and you can be left holding and having to get rid very cheap.