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Alias Born | 07/16/2012 |
Friday, March 27, 2015 9:19:24 AM
MNGG has used PR to bring the price to ask .0002 several times. When the volume goes down, the price goes right back down below .0001
After the kind gentleman had shown me there has been no shorts by $MNGG through Finra, I had to look at who, or what was motivating the price swing.
Someone with a non-retail broker is bringing the price down. They do it by buying up shares under .0001 and when they see little to no volume at Ask .0002, they sell their shares cheaper to bring down the price. They're using the same strategy every time News, or post large volume occurs.
As long as this person continues this game, the price will never go anywhere.
Unless Joel produces gold as he promises, get rid of your shares and avoid, because if he has no assets, he has no money and he will be forced to Reverse Split.
Remember throughout August to October, he dumped all company debt on the investor. He has yet to produce any liquid assets. He's creating more debt by producing nothing but PR stunts. If their are no mining permits, then he cannot legally mine. If he produces claims of mining in areas he has no permit to mine, he's committing a crime.
I got out a long time ago, and have stuck around to see how long he will keep these lies going. It's important for me to understand how penny stock con-artists operate. I want to know their MO and their tactics.
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