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Are you joking, or do you know something that we don't?
So who wants to be todays volunteer to ensure it closes at .0028? I have sacrificed the $8 commission too many times now buying shares 1 minute before the close on days like today when volume is absent and the mm's widen the spread, so today its someone else's turn to ensure a positive close going into next week.
If I continue to hold, that may end up being the case!
Unfortunately, this stock is dead money until the company gives investors and update. Its been too long since their last PR (over a month) and which time they promised to keep their investors updated regularly.
No news today, so I'm praying that we can just hold even again. The mm's are playing games with the spread, 17% between the bid/ask is highway robbery!
These mm's sure are crooks! The spread between the bid (.0023) and ask (.0028) is about 17% and they won't let you buy at the bid, and they won't let you sell at the ask.
Feels like this stock is a coiled spring ready to explode once good news comes out. Price is now holding flat, volume has dried up, just need a catalyst to launch it.
We need a PR or else its stuck right where its at!
Looks like maybe for now the bottom is in, now all we need is a catalyst to take it higher. A positive PR this week would do the trick!
Questions I have:
1) on the website, they still show their total authorized shares as 500,000,000 and their outstanding shares as 121,407,603 whereas Yahoo shows their outstanding shares as 257,610,000.
2) If they increased their total authorized shares to 2,500,000,000 it doesn't necessarily increase their outstanding shares, it only allows them to increase their outstanding shares in the future if/as needed.
3) Many of you have been posting that they are diluting shareholder value, if so, how are they doing so and where are they distributing new shares to?
Looks like big hoax right now!
No news = downtrend continues!
I sure hope your right, because without some kind of a positive PR, this thing sinks day in and day out otherwise and will go even lower!
it won't, only occasional head fakes.
good call, 2's coming next week!
you are right on, 2 million traded already all to the downside, sitting at .0036.
Yep,sure looks that way!
kind of like a small biotech company going thru trials, the only way to pay expenses is to dilute, then do reverse splits to meet NASDAQ requirements to stay listed. Until revenues ramp up significantly, it is the only way to pay expenses.
sinking again, wow! right now, the chart is about as ugly as it gets in the short term.
Costco sales won't be huge yet as they are just getting started, but at least its a start in the right direction.
Yep, they are at the stage where they must show significant revenue growth, a few thousand won't do it.
I'm not bashing the company, they are doing everything right it appears. I'm bashing the stock price and behavior of some longs who think the price is going to .10 cents every day! It will take a significant event just to take it back to .03 cents again!
look at the share price, where's .03, or .04, or .10 cents you keep touting?
I've been right every time I have predicted so far, its not what I am wanting or was expecting, but its the truth. No body has been interested in buying for weeks now as the volume shows that, thus the price continues to drift lower day-by-day, week-by-week. It will take a significant event to take it back up to .03 cents again or higher.
opening bid is .0178, ask is .0192, looks like its going lower again today. I predict a close of .0185.
Looks like it will happen, again!
The price is not caving in, but its been a slow bleed off for days on end now. The other disturbing fact is that there has not been any advance in days, the price opens flat, then slowly bleeds a little lower as the trading day progresses. For those that got in lower months ago, your okay, but for the newer investors like myself, we don't like holding losses and watching them grow larger each day. The longer this trend continues, the more the newer longs will bail out.
It's more than 1 seller in my opinion, for the past few weeks there have been more sellers than buyers, thus the drop in price, its as simple as that.
Whoever it is, they just keep waiting for shares to come available at .02 cents and they take them in any quantity. It looks like this may continue for sometime, even though it started weeks ago.
nobody is hitting the ask at .0209, not a good sign that we have any chance of moving up today. Hope we hold .02 cents!
The seller or sellers are still there, 300K sold at .02 cents in the first 5 minutes.
To be honest, the Costco numbers will not be anything fantastic, it will take awhile to get sales traction with all the other competition.
Not feeling it today, will probably trend around .02 cents again.
Well, there was room for 24 bottles and there were 23 that I counted with one missing (sold), how many cases that is I don't know.
I think 24, the shelf was full and only 1 bottle was sold and 23 were on the shelf. I looked overhead to see if any other cases were stored up there and I did not see none. My gut tells me that they are selling 1 case at each store, maybe more of a trial run, or because thats all that was available until the new shipment gets distributed?
Well I was in the Costco store in the City Of Industry today and I did see Marani Vodka on the shelves. There was a full case on the shelf with only 1 bottle gone, and I did not see any more cases on the above shelves whereas the "major" brands did have other cases. They have a lot of competition, but a least they are now there for sale. It will take time and some marketing to get their name better known, but things are going in the right direction.
I hear you on that and have the same question, maybe like the other poster said, its their past history and failures that is holding things back and maybe investors want more proof that this is selling well? I guess it may take at least a few months to find out once they get some significant sales figures announced?
Support the last few weeks has been right around .0195-.02 cents, as long as it holds I will hold. However, if it breaks below support, I may sell only because it would signal that something is wrong as it should be going up in price with all the good news and the fact that they are now selling and receiving another shipment. Thus, it the price cannot climb on that news and drifts lower, something must be wrong and it would mean to me that investors just don't believe they will make it. I think they will and eventually the price will appreciate and thus I will become a longer term holder and will even accumulate more shares as the price strengthens.
As much as I appreciate him doing his own dd, what it all boils down to is whether or not investors are attracted to buy the stock and drive the price higher. I have been in stocks in the past when investors got married to the stock, posting all day long with links full of good data, however the stock went nowhere but down in price for years (BSDM is the stock I am using as an example). It appears to be a great company with a great product, but they cannot attract investors to push the price higher for some reason. Thus, as a shareholder of MRIB, it watch the price action and volume daily, especially on days when they have positive news, to make my determination if investors are buying are just daytrading flippers. What I have noticed over the past few weeks is that 1) volume is pretty low and thus the price is easily manipulated by large spreads when volume dries up. Right now I am around breakeven and holding with hope that good things will come this summer, but on the other hand, I will dump my shares if this breaks down below 2 cents.