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March 19th, 2013 at 11:32 am
Albo/Zaap
Also should note the company recently received a million dollars when they had no money left by selling I believe a piece of their company to a Korean firm. Think about how many billions Tesla has invested in electric vehicles, yet here's a company with less than a million dollars left to their name now that is going to produce vehicles for the Chinese government with nothing spent on R&D. You can't even have an advertising campaign for what they have left. The stock might continue to go up but even on a million shares, it is only 250,000 dollars traded and the stock tends to be double printed so really that would be 2mm shares. It is generally illiquid and like most penny stocks, if they go up, problem is still getting out without destroying the price by 50% in a day. There's a reason companies on the pink sheets are on the pink sheets and a reason why many brokerage firms will not let you purchase them through them.