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STILL.... I would have expected 50k or more shares to have traded already with such news. And... at least on ETURD the bid is really very shallow. Bid .37(50) Ask .42(5,000). What's up with that?
I would have to agree that it seems that the terms of this financing are rather exceptional. What puzzles me is why the market has yet to react very favorably to this. I would have expected a pre-market jump in the bid/ask.... and would have expected a rather decent gap up on the open. It would seem that there is still a great deal of skepticism. Comments?
Very very little buying. Like... less than 1,000
bought.. the rest are sells.
Wow... HUGE selloff today. I'm amazed that the SP hasn't tanked more than it already has. We desperately need some SOLID good news to make the SP go in the other direction.... and SOON.
If there is some information out there to confirm that there truly will be a program segment with MDOR in it... I don't see how sharing that information could do ANYthing but help MDOR. You may find it hard to believe, but I am one of those who truly does want to see this company succeed. I became very disillusioned when management diluted the company the way they did... with that ENORMOUS issuance of shares for so called "consultant fees". Truly a very bad move, and I don't understand why that was done when and how it was done. Why not wait until the company was doing better... for one thing.. and then do it in MUCH smaller increments.
I have to believe that this same move has made it much more difficult to arrange financing. I expect that any lender would raise an eyebrow at such a move too.
Did they mention a time frame on the 3 shifts thing?
Divulge such details? Sounds like you might be expecting bamboo under your fingernails to get you to "talk". The only thing that might happen from making this information available... is to make some people feel less skeptical... that is IF there is actually good news.
Clearly no lack of HOT air.... available.
I have NO idea what you mean by web nanny...
What is "not far away"? In light years... some stars are MUCH closer than others... And WHERE did you hear this precursor to actual news?
You are quite correct about me putting a lot on it in the .70 range. This is why I am so very unhappy with how things are going right now. I was particularly upset to see management line their pockets with an absurd amount of shares issued for "consulting services" and this done with a questionably maniuplated share price to multiply the number of shares issued.... They have dragged their feet in reporting same... and have done very very little lately to actually produce revenue. This whole... "ooops we got the wrong machine" thing is simply idiotic. I am extrememly skeptical right now. Guys.. it costs almost NOTHING (comparatively) to add shifts. NOT running flat out IS A HUGE HUGE HUGE RED FLAG.
PLEASE do not tell me to call the company.... I don't need to hear a ridiculous explanation on the phone... They should be reporting what is going on... and that just is NOT happening. I hope that things turn around swiftly... but there has been nothing substantial in quite some time. Just look at what the SP has been doing since the Consultant Fee Rape..... And it will keep getting worse IF and UNTIL financing and/or significant new business is announced... AND current contracts (IF they still are valid) are being filled.
Au contraire, mon frere... you may put me on ignore.
Is there ANYthing new in this? Looks like OLD news to me.
So... you're saying that you're a "spit into the wind" kinda guy? lol
It would seem that management should take this situation very seriously. If there is no wrongdoing... then there is nothing to worry about, but in this climate/times... I believe that the SEC is taking a much more pro-shareholder point of view.
It IS my wish that this company will not only survive... but thrive. That being said, I also want management to do very well, but to do so responsibly... and NOT dilute the company by over 100% with shares that are obtained by manipulating the SP so that they get many times more than is fair.
Why do you guys keep encouraging people to call the company? If we aren't getting credible answers out in the open what makes you think there would be any more credible answers over the phone or in email?
Do you seriously believe that they can't afford to hire more people? The ONLY thing that makes sense to NOT hire more people is if the existing contract(s) are not being honored by the buyer....and therefore the demand simply isn't there. It is amazing to me that more of you don't get this. All the chatter about anything else.... means very little. If they don't FIND a way to increase revenue (run more shifts) this WILL fold.
My point is that they can find $13 million in shares to pay "Consultant fees", but they can't find enough money to make the very product that we are supposedly in business to make? We SUPPOSEDLY have HUGE unfilled contracts that are the very lifeblood of this business. THE reason the plant was put together in the first place. This is the quickest way to actually generate revenue.... Make stuff and SELL it.
I don't follow your arguement that it cost a lot to put the plant together... and now we can't afford to fully staff it? And you further suggest that they are now focused on Enhancing the plant facilities... (where is THAT money coming from?) and for WHAT... to be able to create some other product that we can't afford to hire people to make? There are very few arguments that make any sense NOT to find a way to be running 24/7. One of them is that the demand simply isn't really there. Another possibility is that our pricing structure is such that we actually lose money in production.... now THAT would be a very big problem indeed. Anything else simply doesn't make any sense....
I drilled an oil well... but now I can't afford to actually pump the oil? I think not.
Conspiracy theory? I find the more than 100% dilution scheme that was hidden for as long as possible nothing but fact. IF the claimed contracts are what they are purported to be.. there isn't any good reason why we shouldn't be running 3 shifts ASAP. Nothing short of this makes any sense... UNLESS our product is priced so low that we actually LOSE money on production.
I understand that we are in extraordinary financial times... but we are clearly NOT even close to measuring up to what management has claimed.
I totally reject the notion that you have to have the money up front to hire more shifts IF YOU HAVE THE BUSINESS TO SUPPORT those shifts. I have run my own business for over 25 years and IF I have the work to support more people... I'll get them PRONTO. They can FIND the money to pay workers IF the revenue will support them. THAT is what bothers me the most about there NOT being 3 shifts immediately. IF they can give away millions in shares.. they can find the money to pay workers. The biggest nut is paying for equipment, rent, electricity, interest expenses, etc.... After one shift is online, it is a short leap to adding shifts. The fact that we are not running 3 shifts makes me wonder about the true nature of these supposedly HUGE outstanding contracts...
What kind of terms are there on delivered goods? How long does it take after shipping product till we get paid? It just can't be that big a stretch to get the workers online and the product rolling out the door... so there MUST be some other problem.
Hmmm..."explosive" COULD refer to a bad/healthy reaction to legumes....
However, I was expecting MORE.... such as financing, new orders, 3 shifts with the equipment that we DO have... powder machines coming online...new orders... and more new orders...
There was a PR a couple of months ago... in which I believe that Mr. Boux was quoted as saying that there would be "explosive growth" in the first quarter of 2009..... Jan/Feb/Mar of this year... Like NOW.
Doing a nice job? How so? Down OVER 10% today alone. You mean it hasn't tanked worse than it has? WHERE is the financing... new contracts... 3 shifts... ? What happened to "Explosive Growth" in the first quarter?
I agree with you about there most likely NOT being a short situation. However... the SP IS/HAS been waaaay down since it sank in just how much dilution has taken place. That... and the prospect of MORE of the same dilution as we move forward. Couple that with NO news... NO financing NO new contracts.... and NO EXPLOSIVE GROWTH in the first quarter... and this is where we go.... nowhere but down.
Have you asked them either of my two haunting questions? The only person at MDOR that I feel comfortable actually talking to is Mr. Boux, but the questions I want answered aren't really in his bailiwick. And I don't trust any answer I'd get from Chad... so... kinda puts me in a spot.
Not just a LITTLE fishy.... More like a LOT FISHY
I, too... want to know the answer to WHY NOT 3 SHIFTS RIGHT NOW?
Still... I have to ask WHY such a HUGE dilution? Also... It was mentioned that the closing SP on Nov.18 of .15 a share was used as THE basis for the so called consultant compensation. That price of .15 on that ONE day was sandwiched between a MUCH healthier SP on preceeding and subsequent days... I am hoping that the SEC does look into this situation.
I also wonder WHY the dilution occurred this early. IF MDOR's future TRULY is as bright as management says... WHY the need to dilute so very heavily so early in the game? That is IF it is, indeed, early in the game. I really could have used a kiss or some KY before this all happened. Ouch.
I thank you for doing what you can to shed some light on what appears to be just one more attempt by someone to get rich at the expense of others. I remember that day when the stock dipped to .15 and wondered HOW/WHY that could happen... and then it just popped back up to a normal trading range. This act alone is clearly something that needs to be looked into.
What's really simple to me is... that IF the buffings contracts are real... and the demand is REALLY still there... we SHOULD be running 3 shifts ASAP. IF there is money to me made.... DO IT. ANYTHING short of moving to THIS GOAL of 3 shifts... makes me VERY skeptical.
What I had feared the most is coming to pass.... More noise SERIOUS dilution... and VERY LITTLE PRODUCTION. NO new contracts... and the whole SRI thing has yet to do ANYthing good.
I don't see how they can pull this out. We are up to our eyeballs in debt and management just keeps giving themselves shares. This STINKS. Surfguy... are you STILL as happy as you were before? You are an accountant... right? Doesn't this look AWFUL to you?
Perhaps I'll just ask Henry... the oonvenient big buyer who gets to buy at the bid.
Mr. OTC I am merely looking at what the ihub quotes/trades page is telling me.... Says only 7700 shares bought today.... I am AMAZED that we haven't taken a bath on the ask as well...
According to this website... 156,000 shares were SOLD today and only 7,000 bought. 70,000 of them in one whack for .39 at 11am. Yeah... I'm excited by that... NOT! Whoever said institutional BUYING is taking place is clearly not looking at the same stock.
I don't think this board has ANY sigificant influence on SP. Might catch a few investors attention, but... I think many overestimate it's influence. Misleading posts? What are you referring to? I just see people raising questions that need to be answered... and AREN'T....
Rather distressing to see the SP DROP by over 20% first thing in the morning... especially when (If I am to believe a recent post) that the last price was actually a buy... and the ask is MUCH higher.
Bottom line as I see it... We'd better get some SIGNIFICANT GOOD NEWS soon... or this thing is going to take a big dive and NOT recover at the end of the day on a couple hundred shares bought at the ask.
The .336 bid is really less than inspiring too...And now 20,000 shares sold pre-market? The lack of investor confidence clearly is growing...and I am sure that management is aware of this and has got to be anxious to have some real news to let loose. Seeing such a big dump first thing in the morning is NOT a confidence inspiring thing. Makes me wonder what the seller knows that I don't.
I would expect some token income from that period, but clearly not much. If I am not mistaken... those big hanging bags hold roughly 1.5-2 tons of buffings... and I think we're getting roughly $400-$500 a ton? (I'm just guessing, but I seem to recall it being in this range).... so... at this rate the most we could have sold wouldn't be much.
I STILL want to know when we'll be running 3 shifts on all 4 machines.... I'd also like to know why we aren't already.
The sheer volume of trades today is overwhelming. I can't keep up.
Other than the rainbow flavors of buffings... there really hasn't been any news for a while. I'd like to know why we aren't running 3 shifts right now. I'd like to know just how many Rubber MdNuggets we can crank out the door running full tilt... and what that means dollar wise. I don't see any reason to NOT be doing that immediately.
One would think that more than 232 shares would have been traded by this time. It seems that there is even LESS interest now that the E is off.