I don't know what to make of this stock. I bought into this stock at $0.42 and $0.30 some time ago on the premise that with exposure to 700 million population base and being #1 in the car sales classifieds that it should grow. All I have booked on this stock is losses.
It seems to me to just bleed cash and break promises. I still have hopes this company can turn around the share price but the current management don't seem to have a strong plan to do so nor any plan to rain in the operational costs of running the business. If the shares continue to slide and they have to raise capital again then I suspect it'll be years before they recover (it also seems to be a trend for this company to keep seeking capital from investors without giving back).
ICQ Price at posting:
22.5¢ Sentiment: Sell Disclosure: Held