2006-07-13 05:28:39 · 3 answers · asked by Salman Hashmi 3 in Business & Finance ➔ Investing
Their is almost no information on Yahoo! Finance. I do find it suspect that they had a 5 for 1 split when the price is so very low. It is definately a very speculative investment at best.
With a stock like this one of two things will happen:
1. The stock will fold due to lack of revenue and you lose everything.
2. They succeed in their business and those who bought it so very low will make a big profit when they sell it.
Therefore I you have a few hundred dollars you'd be ok never seeing again then you may want to take the gamble, and any stock valued below 50 cents is just that, gambling.
Good luck with whatever you decide to do. I personally wouldn't put any money into it because I don't have any financial statements to look at and determine any kind of outlook.
2006-07-13 06:57:56 · answer #1 · answered by Thrasher 5 · 0⤊ 0⤋
Sorry. The charts say that that stock is not going anywhere anytime soon.
It may spike back to $0.20 (twenty cents...) tomorrow. I would sell it and look for a much better deal than that.
Best of luck to you!
2006-07-14 01:07:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
i dont like black fat hen
2006-07-13 12:31:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋