Go long on CYOS? Poker stock.

[wiseheart]

Okay CYOS = Cyop Systems traded on the OTC BB

First of all, this a volatile stock, with a lot
of risk, which Im willing to accept because Im
investing a small amount, about $500.

These guys do tenseatpoker.com and from what I
understand their software is also on www.skillarcade.com (http://www.skillarcade.com)
They have play and real money. The software is at
redfelt.com and they also have a chinese site at
crediplay.cn

They had a lot of news recently: 250k play money
subscribers, opening bingo software on sina chinese
website. The company says,
"The Company is moving from that of only software development to one that is working to build revenues in this exciting juncture of our Company's history."

They are not getting much revenue at all now, but they
are not in that much debt either. There are a lot of
bad things with this company that I could go into, but
they seem to be doing a decent enough job that if they
get popular they will earn a lot of revenue. I especially
like that they are going after some untapped markets in
what is becoming a crowded arena.

So the question is, go long at this price and
hold for a year or two, or wait a year to see
if it has either gone bankrupt or started generating
revenue to decide?

[Sniper]

[ QUOTE ]
First of all, this a volatile stock, with a lot
of risk, which Im willing to accept because Im
investing a small amount, about $500.

[/ QUOTE ]

You would do better to put that $500 into your poker bankroll /images/graemlins/wink.gif

[ QUOTE ]
They are not getting much revenue at all now, but they are not in that much debt either.

[/ QUOTE ]

330 MILLION shares outstanding... Revenue last quarter 3 THOUSAND... Bleeding cash like crazy... Debt 2 MILLION+ mostly to insiders at favorable terms.

Latest quarterly filing, here...
http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp?formfilename=0001062993-05-001873&nad=

[wiseheart]

Thanks Sniper. You are probably right, so
I am going to read through the EDGAR report
and keep looking for something less risky.
But I would like to point out that 330 million
shares does not amount to much, the stock price
is at .04 so thats about 13 million dollars.

[Sniper]

[ QUOTE ]
But I would like to point out that 330 million
shares does not amount to much, the stock price
is at .04 so thats about 13 million dollars.

[/ QUOTE ]

The importance of number of shares wasn't a statement about market cap... this stock is clearly way overvalued.

The number of shares is also likely to increase, as they continue to use it as a form of payment.