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Hi Threw; Nice Strong Volume Today. 1/2 million traded so far. Good to see this stock is getting some recognition for a change. I think we are at the beginning of something really good with this company and the AsepticSure process.
Hospital rooms, hospital equipment, surgical tools, bioterrorism potential, sports equipment decontamination. Has anyone mentioned the use of the AsepticSure process in all the fitness training centers around the world, such as on the equipment, and especially, in the showers and rest rooms. How about all the high school and college locker rooms, showers. The list goes on and on for the potential.
I have acquired athletes foot on many occasions in my companies shower room. Sure would be nice to have it decontaminated once a week with the AsepticSure process to eliminate this problem.
The potential for the AsepticSure process and this company is to me, to put it mildly, mind boggling. I have had this stock for a year or more and I still cannot believe it is under $1. I don't think it will be there much longer.
GLTA
"All truth passes through three stages. First, it is ridiculed, second it is violently opposed, and third, it is accepted as self-evident."
Arthur Schopenhauer, Philosopher, 1788-1860
In the Court Room:
I have been holding this stock for a long time and I cannot believe it is still at such a cheap price. That is the market for you. Always 1 step behind on the highest potential stocks. With 100,000 patients dying from in hospital acquired diseases, the AsepticSure units will be REQUIRED before using any room for a new patient and this stock will sky rocket once the market figures that out.
Think of the lawsuits the hospitals will generate if they DO NOT use the AsepticSure unit and someone dies from an in house acquired disease.
In the court room:
Attorney: Did you AsepticSure the room before placing my client’s young daughter in the room.
Hospital Administrator: No, I am sorry but we did not.
Attorney: And may I ask why not, since the AsepticSure unit eliminates all known diseases, and my client’s daughter would still be alive today.
Hospital Administrator: Duh, Um, Well, Um, Gee, I guess I can't answer that!
Attorney: Your Honor, I rest my case.
And the rest is history as the stock heads upwards of $10, and higher!
With the LOW FLOAT on this Stock, we could see significant gains in the near and far future. This stock has a lot going for it, especially with Terrorism so rampant, this company could move significatly higher from these levels, all My Opinion, of course, especially since I am holding 10,000 shares. If I had more money, I certanly would have loved to be holding at least 100,000 of this puppy.
GLTA!!!
Float 13,747,163 as of Nov 5, 2008.
Anyone else have a more recent float, along with Shares Outstanding.
Ameritrade shows 79.4 Million Shares Outstanding.
Next Good Support @ .025 cents.
Check out the chart below. SP May bounce off the 20 and 50 MA, but I don't think so. Look what happened before, twice, when the SP dropped below the 10 MA (the yellow line). Dropped for a few days before rebounding on News. SP may go on down to .025 for a triple bottom play. MACD Is turning downwards also. A Slow Bleed down from here unless the CO puts out some good news, hopefully a buyout @ $1 plus. GLTA
Look at GCKO Now. Dropping like a Rock.
MM's are smashing the stock down to get their average down so they can cover. Glad I did not get in above 5 cents. Ouch!
Yes, I was going to wait, but when the news came out I got back in around .033. I still had half my postion which I got in at .015 or so and I will continue to hold that. I suppose you could say I did a position day trade for two days. Worked out OK. As you can see it is dropping right now, probably becuase of the majority if not all the reasons I stated in my email (and probably reasons we are not aware of).
Sold half my position. Great company, dilution stock.
Stock is now in slow bleed mode. Downward pressure from:
Those who got in sub penny are going to want to sell at least half to lock in those profits.
Position Day Traders that got in under 3 cents will want to lock in profits.
Company and/or it's assigns selling shares into the market, diluting the share base.
Company officers selling shares into the share base, nice Xmas bonus.
Short funds naked shorting into the stock, thereby adding to the dilution.
These are all valid reasons why this stock is going to have a tough time moving up from here. More likely it will retest the 2.5 cent level before moving higher.
Not a basher, just being realistic. I would love for a company to offer a buyout on the stock for $1 or more. Nice profit for me since I still have around half my shares.
GLTA
Not at all. You are Joking, Right!
Mad Money!
Anyone emailed Jim Cramer about this device. Think what the SP would do if he did a peice on the Bioharp. $1 would seem a trivial price.
It was 560 million, now it's 650 million. Looks like they dumped 90 million shares so far. How much more will they sell?
Tick, Tock, Drop, Drop.
Looks like that is what is happening. Toooo bad. I had high hopes for this stock. Dump, Dump, and more Dump.
I look to get back in Sub-Penny. The 108% earnings growth was great. Even great earnings growth can be killed by a management that is willing to dump and dump on the share base, sending the SP into oblivion!!!
Tick, Tock, Drop like a Rock.
Looks like that is what is happening right now and probably is going to happen in the near term future, until all those who think this stock is going to da moon finally get out and let it drop back down sub penny again at which point we can start all over and rally it back up a bit. Toooooo much risk to buy the stock at this level.
Chart Does Not Lie: Supports .025, .0163, .0114, and .0062. Before all is said and done with the share dumping that is going on with this stock I would not be suprised to see it back down to .0075 or so at which time traders will start taking interest since the risk/reward will then be good. At this price it is at now, .0265, there is too much of a drop risk here.
I beleive every day we will see a slow bleed on this stock, down to each support level as it drops lower and lower. Yes, there will be small short covering rallys, but each attempt will be met with more selling.
So Why does the Outstanding ShareBase Keep Increasing day after day, week after week. There can only be one reason, I suppose, and that would be the company is dumping shares on the share base. Why else would the SP keep dropping and dropping and dropping as it has been. Every little rally we get and someone steps up and dumps shares on the share base. Look at yesterday, 3 times the stock tried to rally past .0325, and 3 times it was knocked back down. I would call that deliberate selling to keep the shares below a certain price, or deliberate selling at a certain price by those in the company who are dumping shares and set a price of .0325 at which to start dumping shares.
Look at the SP today. Tried to rally, boom, here come the sellers, again. Looks like to me we are headed sub penny, at which time I will look again into buying the stock.
Next support at .0148, then .0110, then .0063. Before all is said and done I beleive this stock will have dropped sub penny again since the Management does not seem concerned about the stock price.
On a Good Stock that is trending upwards. This stock has the management dumping and dumping on the share base, diluting it to death.
I see sub-penny levels in the next week or so for this stock at which time I will look at it again.
I got stopped out. Even if the stock bounces from here it will keep dropping since there is an unlimited supply of stock the company wishes to dump on the share holders. MCLN is nothing more than a dilution machine for the management, IMO.
Should be sub penny before long at the rate management is dumping shares. No joke, too bad management has such a blatant disregard for the shareholders.
MCLN - Managements Dilution machine!
Strange Agreement for a company to make that is for sure!!!
I hope you are right. They may know how to make a company grow but they certainly don't seem to understand the stock market and the companies stock. If they did they would have done a better job with the PRs on the stock price, given us better information on the dilution aspects other than "We did not take time to discuss it". I am long and hoping for a really good upside to the stock. Let's hope for the best. GLTA
Unfortunatly it does not have to be the company that is selling shares. With the blatant disregard of the management for the shareholders and the SP those who had high hopes for the company are probably bailing out now. Bad management can kill a company. Look what happened to ASFX. The company gave a CC that Killed the SP. The Market is fickle, unfortunatly, and the management of this company does not understand the stock market and how it works.
Dilution, Again, The Slow Bleed!
Dilution. It is a slow bleed on the share holders. What a pain it is for the company to continually dump shares into the share base and dilute our SP into oblivian. I can hardly beleive the following comment from Scott Girisati. They Didn't Even Discuss The Share Price and the Dilution. Shows me how concerned they are about it!!!
Scott Grisanti, Chairman of the Board MCLN was asked about investors' concerns that the company might dilute common shares and thus dilute the value of the company.
"That’s not something that has been discussed," explained Grisanti. "What I can say is that as we continue to seek working capital for the company that equity is one of the two main ways, as you know, to drive working capital proceeds to a company, outside of sales of course, and that would acquire more access to authorized shares. Outside of that we have not had any discussions.
Why Is The SP Falling - Any Thoughts!
I was hoping this stock was going to go higher. Any speculation as to why it is not moving higher especially after the fantastic report by BioMed Reports!!!
Seen it many times. Company officers do not understand the stock market, stock prices, how to increase share value, etc. This company seems to be the same.
I will look to get back in, maybe around 1 cent or so, but not here, as are most I believe. The risk is too great at this price to get dumped on by the company!!!
.022 Monday probably. Unfortunatly. I was really hoping this company was going to be the real deal. Looks like it is simply another pump/dump job. Wish it was not so.
I have been in CBAI for a long time. I sold 3/4 of my position this week. I do not beleive the stock will be able to move higher from this level simply because I beleive the company is still dumping on the share price and they will continue to dump on the share price for a long time to come.
It looks like the same story is unfolding for MCLN. MedClean had an opportunity to do something really good in the Pink Sheets world, but decided to go the stupid route, giving the value of the stock to another company, Socius, which is basically what they are doing by allowing them to purchase stock at a low price then sell it at a higher price. They remind me of a horse. Ask a horse if he will take an apple today or a basket of apples tommarow, he will always take the apple today. These people that are runninng these companies like MedClean simply do not understand the stock market, PPS, etc. Much better had they waited to sell the shares themselves, which they could have done at 10 cents, 15 cents, 20 cents, etc, and been way ahead, along with helping the PPS rather than killing it, rather than give it to another company like Socius.
Correct Nysesp500, if we all sell at once.
We both know many will not sell. So we could have all made money, both for "real" for those who sold, and on paper, for those who held!!!
No be cause the absolute low for the stock last Wed was .0212, so .022 seems about right, where the buyers will step in. I don't beleive it will stay there very long, though. I think this stock is headed sub penny again, unfortunatly. I was long and strong but got out on that dilution news. Enough is Enough!! I saw what Manatuck could do. It looks like to me the company liked that and decided to do some more of the same!!!
CBAI has the same problem as MCLN, BILLIONS being dumped on the stock price. I got out of CBAI this week with a profit, but got out since it will probably keep dropping from here, just as MCLN seems to be headed sub-penny again.!!!
Are we headed sub-penny now that the news of the dilution is out. Exactly how many shares can Socius dump on the stock, anyway, is it in the BILLIONS!!!
60 minute chart update.
Stock has broken the 10, 20, and 50 MA on the 60 minute.
Looks like it is heading much lower from here given the news on the Dilution. Too bad, was hoping for much more from this company other than this.
My question is, why do companies like MCLN, instead of working to build up shareholder value, do everything in their power to destroy it, it seems. How pathetic. Seems we could all make money had they concentrated on building up the PPS, rather than giving to another company like Socius the ability to continually smash the stock price down like Manatuck seems to have done!
Sold all but 20,000.
Too bad I did not sell around 4 cents.
I think she is going to go much lower than here, at least down to 2 cents, quite possibly sub penny before all is said and done. The PPS has broken down on the 10, 20, and 50 MA on the 60 minute. The news on the dilution is going to kill this stock, IMO. Too bad, I was hoping this was the real deal here, looks like it may just be another pump and dump, again. I don't understand why companies like this will screw the investors like they are doing with the news of the dilution rather than doing every thing they can to make the stock price go up, rather than down!!! We could all make money if they would do that, rather than benifit one company, Socius, as they are doing with this dilution. I am sure Socius will dump and dump and dump on this stock just as Manatuck did. How pathetic.
I would appreciate it if someone on this board could explain in detail the news on the investment this morning. It does not look good to me.
http://finance.yahoo.com/news/MedClean-Technologies-Enters-prnews-2197709155.html?x=0&.v=1
Only the one trade of the 1,666,330 shares shows on my ticker. It is just the MM's getting their books in order for the end of the day. These are Form T Trades. Don't think it means anything to us. The closing price on the stock was .0387 and there was a lot of buy orders at the close verses a only a couple of sell orders.