you don't have to react negatively to everything
I respond negatively to unwarranted hype + poor results. And penny stocks are crammed full of both.
for MXM in particular:
- What success have these new guys given shareholders previously?
- Why are these guys leaving their current positions?
- Who made the decision to replace them?
- How can we trust that person or group that replaced these positions made a smarter decision today than they did last time?
- How will the new guys run this company any differently than it has been running already?
- Will MXM continue its now-current project or take on a new one?
- With whatever project it pursues, what is the proposed end-game? (i.e., how far will they develop it before selling out)
Vancouver jr stocks are a well known den of scams. I know this, you know this. Executives and shareholders play musical chairs with these basement stocks, skimming off nice fees etc. for themselves and doing nothing for shareholders.
The last Vancouver Jr. miner I watched had a fantastic story full of authentic sounding updates... up until the point where mining was supposed to start, and then the activity mysteriously dried up. And that's not an isolated story- I've talked to people in the vancouver jr promotion industry who simply had to leave because their conscience couldn't handle the constant scheming.
If you or others want to momentum invest on token PRs for short-term profits, that can be an excellent, profitable strategy and I sincerely wish you success.
However: I judge companies on a business perspective, and so far with MXM I've found nothing but the typical string of endless hyped-yet-unfulfilled projects stretching back years, failures, and destroyed investor equity.
If you think "this time is different" with MXM then I am truly open minded, but I'd have to see good, validated answers to the questions above to consider it.
AI
