12 months. I, on the other hand, am not disappointed in the performance since I bought in Nov 04. I guess beauty is in the eye of the beholder and depends on your individual circumstances. While there are exceptions, penny stocks usually require a lot of patience and knowledge of penny land or a very short term perspective with low expectations and a quick trigger to sell. Money can be made either way, but the really big returns come to the patient...AIMHO of course.