Personally, (although I am not a stockbroker nor a licenced advisor) I would hang on a sec before I would buy this one just yet , there was some Megag, person the other day that did not like what I said, about the here and now with this stock, but you only need to look at his track record and see that he is living in his own denial.
I have owned this one, four times over a year and a half and have made good money on the more serious movements and do not day trade it , I have always liked the stock and will do in the future, but the true future in my opinion is not right now and I sold all my stock on Friday because I believe that there is more than meets the eye, and that the longer term will prevail. Most people live by fear or greed.
The people involved with this company sound right , have good track records and all appear to be Kosher with what, they themselves, have invested in, but if you look hard at the detail , it tells you clearly that Now !!, is not the flight of the Eagle !!.
The Pentrix 2 Trial (according to the announcement) starts FEB and ends OCT, and it confirms that when it says that the trial is over 8 months, I would also expect a little time for them to work out the exact numbers after that. Further to that there will be a possible partner, In my opinion I am sure that possible partners are already in the wings looking hard and waiting to strike long before the trials are over, but they cant, lest they break the trading rules, so in my opinion, watch very carefully around August 2004.
They have reported that Revisy is to be ramped up to take advantage of the need for the product and of course, running something sooner, rather than later will, take up more money, before any other money comes in, so what is it ?????? , where is the today money going to come from???? , never mind the next 8 mnths worth !!!!!!.
Pentrix stage 2 is just starting and according to the details offered it wont be near completion until OCT 2004 which sort of makes me wonder if this price can be sustained ?? considering that they are also talking about raising more money which means that they will need to possibly dilute the shares a bit , hmm, when you look that only 3% of investors are institutional , I start to worry , in fact , there are less than 3000 shareholders, Hmmm
ACU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
