Your cautious approach is valid. So what are you doing following penny stocks? lol
As for the "shell" reference and the lack of revenues, all too often a characteristic of penny stocks, SNPK is releasing news of new product to new markets. That should translate into revenues and then what have we here?
Of course, this also could not happen as promised. Welcome to the world of penny stocks.
Still, there remains the potential for lots of volatility with big volume and room for further price appreciation.
Sure beats the boredom of some other notable stocks.
Whether you're on the sidelines or in the mix, it is an interesting play, given the news just keeps on coming.
