EYII.OB

[fous]

Looks like a bottom has formed around .041. Price action finally had an upside breakout of that descending wedge on just slightly abover average volume. Though im not too impressed with the candle formed today being that it closed below the open. Im fully invested right now but may be liquidating some of my other positions tomorrow to fill a position back in this one near the close.

good luck

-fousc

[la-onda]

FYI 

Form 10QSB for EYI INDUSTRIES INC.
--------------------------------------------------------------------------------

21-Nov-2005

Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
FORWARD LOOKING STATEMENTS

The information in this discussion contains forward-looking statements. These forward-looking statements involve risks and uncertainties, including statements regarding EYI's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined in the Risk Factors section below, and, from time to time, in other reports we file with the Securities and Exchange Commission (the "SEC"). These factors may cause our actual results to differ materially from any forward-looking statement.

OVERVIEW

We are in the business of selling, marketing, and distributing a product line consisting of approximately 24 nutritional products in two categories, dietary supplements and personal care products. Our most successful product is Calorad, a liquid collagen-based dietary supplement presently available on the market. These products are marketed through a network marketing program in which IBAs (Independent Business Associates) purchase products for resale to retail customers as well as for their own personal use. We have a list of over 380,000 IBAs, of which approximately 9,100 we consider "active". An "active" IBA is one who purchased our products within the preceding 12 months. Over 1,300 of these IBAs are considered "very active". A "very active" IBA is one who is on our automatic Auto-ship Program and is current with their annual administration fee. Our Auto-ship Program allows our IBAs to set up a reoccurring order that is automatically shipped to them each month.

The IBAs in our network are encouraged to recruit interested people to become new distributors of our products. New IBAs are placed beneath the recruiting IBA in the "network" and are referred to as being in that IBA's "down-line" organization. Our marketing plan is designed to provide incentives for IBAs to build, maintain and motivate an organization of recruited distributors in their down-line organization to maximize their earning potential. IBAs generate income by purchasing our products at wholesale prices and reselling them at retail prices. IBAs also earn commissions on product purchases generated by their down-line organization.

On an ongoing basis we review our product line for duplication and sales trends and make adjustments accordingly. As of September 30, 2005, our product line consisted of: (i) 18 dietary supplement products; and (ii) 6 personal care products consisting primarily of cosmetic and skin care products. Our products are primarily manufactured by Nutri-Diem, Inc., a related party, and sold by us under a license and distribution agreement with Nutri-Diem. Certain of our own products are manufactured for us by third party manufacturers pursuant to formulations developed for us. Our products are sold to our IBAs located in the United States and Canada.

We believe that our network marketing system is suited to marketing dietary supplement and personal care products, because sales of such products are strengthened by ongoing personal contact between IBAs and their customers. We also believe that our network marketing system appeals to a broad cross-section of people, particularly those looking to supplement family income or who are seeking part-time work. IBAs are given the opportunity, through our sponsored events and training sessions, to network with other distributors, develop selling skills and establish personal goals. We supplement monetary incentives with other forms of recognition, in order to motivate IBAs.

Recent Corporate Developments

We experienced the following significant developments since the completion of our last fiscal quarter ended June 30, 2005:

1. On August 28, 2005 we incorporated a wholly owned subsidiary, EYI HK. The EYI HK office consists of the entire 15th floor in a centrally located building at No. 1 Minden Avenue, Tsim Sha Tsui, Kowloon. The office is intended to be used to service distributors and provide a product pick up depot for Code Blue(tm), Calorad(r), Prosoteine(r) and the newest EYI product, Calorad Cream. The new office will also play a role in supporting the sales, distribution and logistics of the CEIEC agency agreement. In connection with opening our new office in Hong Kong, on September 28, 2005 EYI HK entered into a Lease with Dombas Estates Limited for the lease of office space located at Nos. 1-3, 15th Floor of No. 1 Minden Avenue, Tsim Sha Tsui, Kowloon. The lease is for a two year term at a monthly rent of approximately $3,500 USD (HK$22,920).

2. On September 23, 2005, EYI HK entered into an agency agreement (the "Agency Agreement") with Guangzhou Zhongdian Enterprises (Group) Co. Ltd. ("GZE") and China Electronics Import and Export South China Corporation ("CEIEC"). Pursuant to the terms of the Agency Agreement, EYI HK granted to CEIEC and its wholly owned subsidiary GZE, the exclusive right to distribute EYI's Code BlueTM water filtration systems (the "Water Filtration Systems") in China for a period of two years subject to, among other things, the following conditions: (i) CEIEC purchasing a minimum of 4,000,000 Water Filtration Systems in each year commencing in 2006; (ii) EYI HK issuing an exclusive agency certificate to CEIEC confirming the grant of agency rights; (iii)EYI HK guaranteeing the safety of its products to be sold on the Chinese market and that the packaging specifications will meet the product safety standard and packaging standards as required in China; (iv) CEIEC committing to the purchase (the "Purchase Plan"): of the amount of Water Filtration Systems outlined in the following purchase plan; (v) If, in any year CEIEC purchases fewer than 4,000,000 Water Filtration Systems in the Purchase Plan it will cease to have the exclusive agency rights to the Water Filtration Systems but continue to be non-exclusive agents of EYI HK; (vi) If, in any year CEIEC purchases fewer than one-half of the Water Filtration Systems in the Purchase Plan, EYI HK may at its option adjust the price of the Water Filtration Systems supplied to CEIEC under the Purchase Plan; and (vii) CEIEC agree to obtain all required regulatory approvals in China relating to the marketing and distribution of the Water Filtration Systems. Pursuant to the terms of the Agency Agreement, CEIEC reserves the right, upon reasonable notice to EYI HK, to increase, or decrease the number of Water Filtration System units that it purchases under the Purchase Plan, based on its evaluation of market demand in China, and agreed to commence purchases under the Purchase Plan in October 2005, and place subsequent purchase orders on a quarterly basis. The parties agreed that CEIEC may upon reasonable notice to EYI HK, assign its interest in the Agency Agreement to its nominee company, but remains a party to the agreement notwithstanding any such assignment.

3. EYI HK entered into a Logistics Management Agreement dated September 1, 2005 with All In One Global Logistics Ltd. to provide international freight, warehousing and distribution services in Hong Kong for a period of two years.

4. On September 1, 2005, EYI entered into an agreement for legal services with M. Ali Lakhani Personal Law Corporation (the "Contractor") to provide EYI and its subsidiaries with certain legal services in exchange for a monthly fee of US$8,000 and a one time issuance of 500,000 restricted shares of our common stock to the Contractor or its nominee, pursuant to Regulation S of the Securities Act of 1933. The contract is on a month-to-month basis.

5. We entered into an investor relations agreement (the "IR Agreement") dated as of July 28, 2005 with AGORA Investor Relations Corp. ("Agora"), a private company incorporated under the laws of Ontario, Canada. Pursuant to the terms of the agreement Agora agreed to provide certain services including marketing, branding and investor communications services, in consideration of which we agreed to: (i) pay Agora a fee of $2,500 per month commencing August 1, 2005; and
(ii) issue to Agora warrants to be registered by us to purchase 350,000 shares of our common stock exercisable at a price of $0.06 per share and vesting over a twelve month period. The Agreement is for an initial term of August 1, 2005 to July 31, 2006 and is renewable at EYI's option for an additional term of 12 months under the same terms and conditions. On October 5, 2005 we amended the IR Agreement with Agora. The IR Agreement was amended to provide for the issuance of 250,000 restricted shares of our common stock in place of the warrants to be received by Agora initially under the IR Agreement. The shares were issued pursuant to Regulation S of the Securities Act of 1933 and Canadian National Instrument 45-106 on the basis that Agora is an accredited investor.

We intend over the next twelve months to undertake the following:

New Product Introduction. In May 2005, we entered into a 5 year exclusive Reseller Agreement with Metals & Arsenic Removal Technology, Inc ("MARTI"). The Reseller Agreement offers EYI exclusive network marketing rights of a reformulated version of the MARTI products. The MARTI units are a portable water filtration product that have been tested in an EPA accredited laboratory and tests concluded that the filtration unit effectively treats and removes arsenic from water supplies. In June 2005, we initiated our pre-launch program for the MARTI products, now named Code Blue(TM). Shipments of this product began in August 2005.

International Sales. We see international sales as a key component for our growth in the next 5 years. During our second quarter of fiscal 2004, we entered into a joint venture agreement (the "JV Agreement") with World Wide Buyers' Club Inc. ("WWBC") and Supra Group, Inc. ("Supra Group"), dated as of May 28, 2004, for the purpose of jointly marketing and distributing our products through the existing Supra Group distribution system in the Latin American countries identified in the JV Agreement and the products of Supra Group using the existing EYI distribution system to residents in the U.S. We believe Supra Group has significant international experience, expertise and contacts and that this alliance will assist in our ability to expand into Spanish-speaking countries.

Over the next twelve months we intend to expand our operations into the Asian market. In June 2005, we secured the consulting services of Ms. Eliza Fung who will primarily assist in the entry and development of EYI into the Asian market. In August 2005 we incorporated a new company, Essentially Yours Industries (Hong Kong) Limited and in September 2005 we opened an office in Hong Kong. The office is intended to be used to service distributors and provide a product pick up depot for Code Blue(TM), Calorad(R), Prosoteine(R) and the newest EYI product, Calorad Cream. The new office will also play a role in supporting the sales, distribution and logistics of the CEIEC agency agreement.

Network Support. We intend to expand the marketing of our Calorad product by internet direct and the distribution network. We also intend to support the growth and expansion of the Sales Communication department. Their success is measured on the number of inactive IBAs who, through the efforts of the Sales Communication department, become current with their membership fees and purchase our products. As the revenues generated by this department grow, we intend to add additional staff. Also, over the next twelve months we intend to promote our Autoship Program by offering one or more of the following: initial incentives, purchase discounts, and long-term commitment rewards. We believe that our automated ordering system supports on-going sales.


RESULTS OF OPERATIONS

Third Quarter and Nine Months Summary

                                       Third Quarter Ended September 30                Nine Months Ended September 30
                                  -----------------------------------------      -----------------------------------------
                                     2005           2004        Percentage         2005           2004          Percentage
                                                                 Increase /                                     Increase /
                                                                (Decrease)                                      (Decrease)
Revenue                           $1,335,963     $1,349,170        (0.98%)       $3,850,246     $4,769,608       (19.28%)
Cost of Goods Sold                $  350,188     $  249,634        40.28%        $  840,125     $  956,567       (12.17%)
Gross Profit before commission    $  985,775     $1,099,536       (10.35%)       $3,010,121     $3,813,041       (21.06%)
expense
Commission expense                $  513,449     $  545,747        (5.92%)       $1,435,911     $2,000,401       (28.22%)
Gross Profit                      $  472,326     $  553,789       (14.71%)       $1,574,210     $1,812,640       (13.15%)
Gross Profit Margin                   35.35%         41.05%       (13.87%)           40.89%          38.0%        7.58%




Revenues

During the three months ended September 30, 2005 we had total revenues of $1,335,963 as compared to revenues of $1,349,170 for the same period in 2004 which represents a decline of $13,207 or 1%. The year-to-date results for 2005 compared with 2004 indicate a revenue decline of $919,362 or 19%. The decrease in our revenues can be primarily attributed to the following factors:

o Our inability to attract new IBA's

o Lack of IBA participation in our auto-ship program

o our inability to fund marketing initiatives and programs that may promote growth within new markets and existing ones

Gross Profit

During the three months ended September 30, 2005 as compared to the same period in 2004, we had gross profits of $472,326 and $553,789 respectively. This represents a decline of $81,463 or 15%. The year-to-date results for 2005 compared with 2004 indicate that the gross profit has declined $238,430 or 13%. The decline in our gross profit is primarily attributed to our decreased sales.


Expenses

Operating expenses:

The following table summarizes operating expenditures for the periods indicated:

Operating Expenses

                                -------------------------------------------    ------------------------------------------------
                                     Third Quarter Ended September 30                  Nine Months Ended September 30
                                -------------------------------------------    ------------------------------------------------
                                                               Percentage                                         Percentage
                                    2005          2004         Increase /          2005            2004           Increase /
                                                               (Decrease)                                         (Decrease)
Consulting fees                     $  273,026    $  318,095   (14.17%)             $  751,836    $  823,989       (8.76%)
Legal and professional              $  107,333    $  104,129     3.08%              $  254,090    $  270,503       (6.07%)
Customer service                    $    9,771    $   84,636   (88.46%)             $  161,776    $  303,720      (46.74%)
Finance and administration          $  299,735    $1,166,046   (74.29%)             $  663,216    $1,591,332      (58.32%)
Sales and marketing                 $   42,569    $  108,790   (60.87%)             $   47,560    $  144,599      (67.11%)
Telecommunications                  $  118,881    $  178,818   (33.52%)             $  361,139    $  391,885       (2.89%)
Wages and benefits                  $  252,095    $  293,409   (14.08%)             $  995,247    $  780,078       27.58%
Warehouse expense                   $   66,220    $   20,766   218.89%              $  128,066    $  185,640      (31.01%)
Operating Expenses                  $1,169,630    $2,274,689   (48.58%)             $3,362,927    $4,471,746      (24.80%)




We incurred operating expenses in the amount of $1,169,630 during the three months ended September 30, 2005, compared to $2,274,689 for the three months ended September 30, 2004. The following explains the most significant changes for the periods presented:

Consulting fees - For the three months ended September 30, 2005, consulting fees totaled $273,026 as compared to $318,095 for the three months ended September 30, 2004. The net difference of $45,069 is primarily attributed to the expense of vested options accrued during September 2004 quarter.

Customer Service - For the three months ended September 30, 2005, customer services fees totaled $9,771 and represented 1% of our total operating expenditures, as compared to $84,636 or 4% of the total operating expenditures for the three months ended September 30, 2004. These expenditures represent the services provided by EYI Corp. pursuant to the terms of their management agreement with our subsidiary Essentially Yours Industries, Inc. ("EYII"). EYII has since acquired its own employee base to support the services that were previously provided by EYI.

Finance and administration - For the three months ended September 30, 2005, finance and administration fees totaled $299,735 and represented 26% of our total operating expenditures, as compared to $1,166,046 or 51% of the total operating expenditures for the three months ended September 30, 2004. During the quarter ended September 30, 2004, EYI expensed approximately $1,078,000 for vested stock options. During the quarter ended September 30, 2005, EYI expensed $150,000 for financing fees.

Sales & Marketing The Sales and Marketing expenses for the three and nine months ended September 30, 2005 were $42,569 and $47,560 respectively. During the third quarter, the Company increased its marketing budget to accommodate the marketing of the new Code Blue product and to create marketing tools for the Asian market.

Wages and benefits - For the three months ended September 30, 2005, wages and benefits totaled $252,095 and represented 22% of our total operating expenditures, as compared to $293,409 or 13% of the total operating expenditures for the three months ended September 30, 2004. The decline is directly related to the reduction of staff in an effort to conserve cash flow.


FINANCIAL CONDITION

Cash and Working Capital

                                      ---------------------------------------------------------------------
                                                                                          Percentage
                                        At September 30,      At December 31, 2004        Increase /
                                              2005                   2004                 (Decrease)
Current Assets                              $848,740               $1,228,714                (31%)
Current Liabilities                        $3,122,995              $1,853,252                 69%
Working Capital (Deficit)                 ($2,274,255)             ($624,538)               (264%)




We had cash of $9,946 as at September 30, 2005, compared with cash of $0 as at December 31, 2004. We had a working capital deficit at September 30, 2005 and December 31, 2004 of $2,274,255 and $624,538 respectively. The increase to our working capital deficit was primarily attributed to the increases in our trade payables, related party payables and the Cornell Capital loan.


Liabilities

                                      ---------------------------------------------------------------------
                                                                                          Percentage
                                        At September 30,         At December 31,          Increase /
                                              2005                    2004                (Decrease)
Accounts Payable and  Accrued
Liabilities                                 $1,493,496             $1,141,001                 31%
Accounts Payable-Related Parties            $695,003                $159,455                 336%
Convertible Debt-Related Party, Net
Of  Discount                                   $0                   $379,724                (100%)
Interest payable, convertible debt             $0                    $10,616                (100%)
Loan Payable, Cornell                       $844,496                   $0                    100%




We had an increase of 31% in Accounts Payable and Accrued Liabilities during the three months which represents the increase in unpaid trade payables. We also experienced a 336% increase in Accounts Payable-Related Parties which is due to the increase in unpaid wages of two of our officers and an increase in the amount owed to EYI. During the September 2005 quarter, EYI fully retired the debentures. Also during this quarter, EYI entered into a loan for $1,000,000 with Cornell Capital with weekly repayment dates.

Cash Used in Operating Activities

Cash used in operating activities for the nine months ended September 30, 2005 was $733,168 compared to $682,512 for the comparative period in 2004, representing an increase of $50,656 or 7%.

Cash Provided by Financing Activities

We have continued to finance our business primarily through private placement sales of our common stock, exercises of stock options, short term loans, conversion of accrued liabilities into stock and through increases in our accrued liabilities and accounts payable. Cash provided by financing activities for the nine months ended September 30, 2005 was $694,044, compared to $660,701 for the nine months ended September 30, 2004.

Financing Requirements

Our consolidated interim financial statements included with this Quarterly Report on Form 10-QSB have been prepared assuming that we will continue as a going concern. As shown in the accompanying financial statements, we had negative working capital of approximately $2,274,255 and an accumulated deficit of approximately $9,481,000 incurred through September 30, 2005.

Our current sources of working capital are sufficient to satisfy our anticipated current working capital needs. In the event we do not receive further financing from our arrangements with Cornell, we will be required to seek additional financing to fully implement our business plan. We may not be able to obtain additional working capital on acceptable terms, or at all. Accordingly, there is substantial doubt about our ability to continue as a going concern. We anticipate that any additional financing would be through the sales of our common or preferred stock or placement of convertible debt.

We presently do not have any arrangements in place for the sale of any of our securities and there is no assurance that we will be able to raise any additional capital that we require to continue operations. In the event that we are unable to raise additional financing on acceptable terms, then we may have to scale back our plan of operations and operating expenditures. We anticipate that we will continue to incur losses until such time as the revenues we are able to generate from sales and licensing of our products exceed our increased operating expenses. We base this expectation in part on the expectation that we will incur increased operating expenses in completing our stated plan of operations and there is no assurance that we will generate revenues that exceed these expenses.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Critical Accounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results may differ from those estimates.

Our management routinely makes judgments and estimates about the effects of matters that are inherently uncertain. As the number of variables and assumptions affecting the probable future resolution of the uncertainties increase, these judgments become even more subjective and complex. We have identified certain accounting policies, described below, that are the most important to the portrayal of our current financial condition and results of operations.

Accounts Receivable and Bad Debts

We estimate bad debts utilizing the allowance method, based upon past experience and current market conditions. At March 31, 2005 and December 31, 2004, we recorded allowances of $19,853 and $16,321 to cover accounts receivable balances over 60 days.

Inventory

We record inventories at the lower of cost or market on a first-in, first-out basis. Our product inventory is reviewed each month and also when the re-order of the product is necessary. On a monthly basis, our inventory is reviewed based on the expiration of our existing inventory. Product that has a shelf-life of less than 60 days is written off or discounted. A re-order review consists of an evaluation of our current monthly sales volume of the product, cost of product, shelf-life of the product, and the manufacturers minimum purchase requirement which all determine the overall potential profitability or loss of re-ordering. If the re-order of the product has an assessed loss, then the recommendation to management is to remove the product from the product line.

Restricted Cash

Restricted cash includes deposits held in a reserve account in the amount of $100,370 and $100,248 at March 31, 2005 and December 31, 2004 respectively. Such deposits are required by the bank as protection against unfunded charge backs and returns of credit card transactions.

Revenue Recognition

We are in the business of selling nutritional products in two categories:
dietary supplements and personal care products. Sales of personal care products represent less than 5% of the overall revenue and therefore are not classified separately in the financial statements. We recognized revenue from product sales when the products are shipped and title passes to customer. Administrative fees charged to the Independent Business Associates are included in the gross sales and amounted $41,096 and $67,500 for the three months ended March 31, 2005 and March 31, 2004 respectively.

http://biz.yahoo.com/e/051121/eyii.ob10qsb.html

[supergeek]

Jeez, I didnt think it looked THAT bad. took a big hit today. it has to triple from here for me to break even, yet i bought a little more. I guess i'll never learn.Any other suckers/dreamers/prognosticators still holding?
Bob

[soxguy]

i'm still in,in fact i had a buy order at .03 that wasn't filled. we'll make money on this,if not this year,then next.

[winner919]

I am still holding too. It might go down to 2-3 cents in next a few days/weeks. I will buy more if they goes down more.

[fous]

Looks like the possibility of price action heading back to the all time low of .021 isnt too far out of the question afterall.

Price action made a downside breakout of the wedge on heavy volume. Looks like momma bears back from vacation and shes pissed

-fousc

[cc1120]

China must order Blue Code right now. News from CNN 11/22/2005
Water cutoff sparks China panic
http://edition.cnn.com/2005/WORLD/asiapcf/11/22/china.water/index.html

[nberski]

Heck -

I took Davids word to the wise and liquidated all the pennys cept some HQSM and the EYII -

Not much left to loose in the EYII - but I have this moment of brilliant thought where I see network marketing of  blue clean water pitchers by a lot of industriious - enthusiastic - motivated  Chinamen - making money and cleaning up the drinking water.
I recon that this might take a little time becausin lead arsenic is kinda like microbe killer - it affects the brain - like wood alcohol sort of - ya know what I mean?  and EYII might  drop down to about .00? - - BUT NO NEED TO GIT ALL HANG DOG ABOUT IT.

Disclamer = I know about China mostly from eaten at Mr. Woo's China Garden and animal shelter - I asked Woo and he won't drink bad water.






















































































/

[Ramsburg]

Hello,

Sold EYII.OB @ $0.034
(Please read David's last article: «Current General Market Overview» for details)

best regards !

[gmarc66]

Did everyone sell their EYII?  Is there no recovery of the pps in site? No run anticipated?

In Davids thread where he says why he sold off all the pennies, he said:

I've been watching the homepage and seeing the penny stock portfolio heading down, and EYII.OB is not letting me sleep, even though I have little money in it, it's not about the money, it is that I was dead wrong and didn't correct the mistake !!!!

Does everyone still agree that EYII does not have a very promising future in terms of its pps rising from these lows?

And advice appreciated

thanks very much

and good luck to all

julia

[Amarens]

I did not sell off my pennies with David. I don't see the use in taking a loss now and then buying them again in a couple of weeks when everybody perceives the Bull market to be over  . In case of GZFX f.i. I'm happy I did not and followed my own instinct. Pennies need more time!

So I also held on to EYII. I've said I'm going all the way now. Either I lose it all ($ 1.000,-) or still gain nicely  . We'll see. I'm down 60%.

I don't think TA's are of any use at the moment. EYII needs some results and as long as those are not there it won't go up significantly is my believe.

Amarens

[GodisKing]

I am afraid to say that eyii might be heading lower because of the lawsuit filed against Hydroflo late Wednesday. Check the headlines under Yahoo - http://biz.yahoo.com/iw/051123/0102240.html.

I wonder if EYII has a backup plan if HYRF is forced out of business.  If not this could be bad.  I do not want to be overly pessimistic.  I was not able to see David's plan to sell all the pennies on Wednesday.  I just hope EYII does not go lower but I am afraid it might.  For those of you still holding EYII, what are your thoughts on this lawsuit against Hydroflo? If EYI does not have a backup plan, this deal with CEIEC could go bust.

[puenthouse]

Guys, put on your seat belts.  Dont even think about selling if you only have 1,000 in it.  I have more, but that is beside the point.  This is the reason to only put 1,000 in it.  so it does not make you cry when its down 50% or more.  Fellows, penny stocks go down 75% and go up 200% often so stop worrying.  once they start talking reverse splits, then its ok to worry, but for now, the only thing you will need is time. 

For the love of god, look at its past,  Its been here before.  and it likes to shoot up 200% quarterly.  So stop already.  sell for a 65% loss or just forget about this one awhile.  it might go to .02 sure, just forget about this one for a while.  IF and when its back at .15 you wont care if you bought this at .02 or .06 just having this guy green will be nice.  Fasten Up.

[atalltexan]

We appear to be approaching the low of 5 months back.  Good reentry point ?

[john b mcginnis]

I'm still in. Taking a beating! All i have in is $1,100 invested @ .11 and .09. I'm holding. I'd love having a $1,100 invested at this level.