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Well there has been about 40MM in volume since Oct 1st when Krueger became less than a 10% holder.. So you guys can do the math..
And what makes you think the dilution is almost over?
This isnt going higher because there are Millions and Millions of shares being converted weekly! Dilution will continue until its over 100MM IOS and sub penny!
Finally someone here is posting FACTS instead of rumors!
Still waiting for someone to tell me the IOS share count?!
After performing a massive 1-for-200 reverse split at the end of last year NESV's outstanding shares were reduced to a little over 4 million. Just four sessions ago the daily volume for the stock was actually bigger than that with investors trading more than 5 million shares. A Form 4 filed on September 21 stated that 3 million shares are 10% of the total outstanding shares meaning that back then NESV had O/S of 30 million shares. With the authorized shares increased from 75 million to 150 million back in July there is a lot of room for even more conversions to take place.
I've read everything about the "rumored' acquisition!
Funny thing is that its been the same rumors for months and months!
Meanwhile the only FACTS are that the IOS has gone from 5MM to over 50-60MM!
No one is asking the right questions here and the company has no answers to the dilution because they have no $$$! Zero!! They are broke!
There will be 100MM+ IOS by the end of the month!
Stick a fork in it!
Really? Everyone knows what the IOS share count is right now??
Please enlighten me!
No shorting here! Just massive convertibles and dilution!
Actually, it looks to me like theres about 60MM IOS right now..
40MM is being conservative.. More like 50MM+ IOS.. Going to 100MM+ and sub penny!
Why do you think the board authorized the increase from 75 to 150MM a few months ago??
Issue, Convert, Sell, Repeat!
Make that 6-30-15 the deal was signed and closed
WOW! Great find! Now wonder Savoy has been Mia! So, BLDZ acquires World Arena Rugby (an asset of ZMBC) on June 1st for 3Mil shares of restricted stock and the CEO Mark Savoy has yet to inform or update shareholders of ZMBC of this acquisition!! Looks like Savoy also signed an employment agreement with them?! What a joke!
Now you see the light.. Lmao
I'll cover @ .01
i would never own this garbage.
The end is almost here for all bag holders!
Next stop BK!
What happened to all the longs? LMAO
Seem to be realizing the sad truth!
I warned everyone to sell the last bounce over .30 and you all laughed.. Now look at you
Baahhhaaaa.. The Bag holders are starting to realize what they have.. Nothing!
Classic..LMAO
I see some of the bag holders are still in denial..
What a waste of time and energy..
Cut your losses and move on. Its going to ZERO!
My next short for all you baggies.
ZGNX! Happy holidays!
Keep buying all the way down buddy!
Going to ZERO!
The beginning of the END for MNLU.
Bag holders were warned!
Back to reality. BK or Massive Dilution imminent.
The move from .09 to over .30 was a gift.
No money and liens piling up!
From the Goldman research report..
VALUATION AND CONCLUSION
In our view, Scorpex, Inc provides investors with a very unusual opportunity: a company in the waste disposal space that
is positioned to generate substantial top-line and bottom-line growth. In addition, investors benefit from the fact that the
stock is trading at a puny multiple.
We strongly believe that Scorpex will reward investors and command a premium valuation given its dominant market
share in a high growth market and its high profitability due to its model. Most companies in the space are generating slow
growth in revenue and focused to a large degree on operating efficiency. Nonetheless, stocks in this peer group, such as
U.S. Ecology (NASDAQ – ECOL) and Clean Harbors, Inc. (NYSE – CLH) currently and historically trade between 16 –
22x forward 12-month EPS.
Our 6-month price target of $4.00 is based on roughly 40x our FY12 EPS forecast, which is reasonable given the
expected financial performance and dominant status. As the Company gets closer to launching, the stock should begin a
sharp upward trajectory toward our target. Moreover, we project that SRPX will reach $8.00 in the next 12 months. Twelve
months from now the stock will be valued based upon forward-12 month EPS, or FY13 EPS estimates. One year from
now, $8 will equate to 20x FY13 EPS projections, which is the average historical forward 12-month P/E for the peer group.
Given its much higher growth rate, the stock could even approach $10, depending upon volume and net margin
Nope i am right here..
Nothing new going on with MNLU..
Still no merger and they still have no money!
Oh, i forgot they have liens that are piling up against them.
Keep buying! LMAO
Funny thing is that i have been right every step of the way.
Keep buying, there is plenty of stock available.
Delay and Dilute!
The only money they can get will come from dilution.
Period!
No problem.. The rise from .08 to over .30 was a gift for all the bag holders to get out.
Suckers rally! Now its back to reality, NO MONEY and massive dilution.
MNLU will never close above .40 again!
Have you heard of a SUCKERS rally.!? Dead cat bounce!?
Thats all this is pal..
All your hopes and dreams will disappear very soon.
Keep dreaming ECOMIKE! $5 dollars?? LMAO
MNLU will never close above .40 again!
The merger will never go through and this deal will eventually end up in arbitration or court.
Lawyers win=shareholders lose!
Of course this will happen after one more round of massive dilution!
Almost 2 years of delays.. Classic!
Keep buying. This will end up in the courtroom.
Mainland Resources, Inc. (the "Company") and American Exploration Corporation ("American Exploration") have agreed to extend the Merger Agreement and Plan of Merger between the parties dated March 22, 2010, as previously amended by a Letter Agreement dated July 28, 2010, an Amending Agreement dated September 7, 2010, an Amending Agreement dated December 23, 2010, an Amending Agreement dated March 14, 2011, an Amending Agreement dated May 17, 2011, and an Amending Agreement dated August 18, 2011 (such agreement, as amended, the "Merger Agreement").
The Merger Agreement is subject to termination by either party if certain conditions specified in the Merger Agreement are not satisfied at or before the "Termination Date," which was previously defined to mean October 31, 2011, or such later date as may be mutually agreed by the parties. Mainland and American Exploration have entered into an amending agreement dated October 31, 2011 which extends the Termination Date to January 31, 2012.
The merger remains subject to various conditions, including the approval of the respective stockholders of each of Mainland and American Exploration.
LMAO.. Keep waiting..
Dead money here. Delay and Dilute!
Exactly.. IF the merger happens..
MNLU has no money and liens.
Going to ZERO!
Dilution will still happen! Don't get to excited about speaking with an IR rep. Do you honestly think he would say something negative about his own company! LMAO
It's just a suckers rally.
Oh no!!Its down..
Hope you all sold when u had the chance.
I'm still here. Hope it goes a little higher tmrw, so i can stack the ask and short this pig.
Will never close over .40 again!
I suggest you all read the 10Q very closely!
This company is desperate and anyone buying now is going to get wiped out!
TE 11 -CONTINGENCIES
A complaint was filed in the second judicial district court in Washoe County, Nevada by Avasha Group, Ltd. ("Avasha") on November 18, 2009 (such complaint as amended November 23, 2009) against the Company and certain other unnamed defendants. Avasha alleges that on or about April 21, 2008, Avasha entered into private placement subscription agreement with the Company to purchase 500,000 units from the Company (with each unit consisting of one share of the Company's common stock and one-half of one stock purchase warrant, together, the "Securities") for a total purchase price of $500,000. Avasha alleges that it paid such purchase price to the Company but the Securities were not delivered to Avasha. Avasha alleges that it is entitled to delivery of such Securities, as adjusted to take into account subsequent stock split(s) by the Company. The Company believes that this claim is without merit and intends to vigorously defend this matter.
On June 2, 2011, R& R Rentals and Hotshot, Inc. ("R&R Rentals") filed a complaint against Mainland in the county court of the second judicial district of Jones County, Mississippi. R&R Rentals, which alleges that it is engaged in the business of furnishing equipment and services for use in oilfield work, alleges that it furnished certain goods, equipment and services to Mainland with a value of $73,500. R&R Rentals is seeking a judgment for $73,500 plus $24,500 as attorney fees. On October 11, 2011, the court entered a judgment in favor of R&R Rentals for the principal sum of $73,500, attorneys' fees of $2,500, and interest on the principal amount of 4% per year from January 1, 2011.
On July 29, 2011, Frank's Casing Crew & Rental Tools, Inc. filed a complaint against the Company in the County Court of Jones County, Mississippi, First Judicial District, alleging that the Company owed Frank's Casing $42,454 for services rendered under an oral material and services contract, together with interest thereon at a rate of 1% per month since March 11, 2011. The Company will review the claim and confirm the balance owing and discuss repayment options with the vendor.
On August 26, 2011, Richard E. Johnson, Inc. filed a complaint against the Company in the Circuit Court of Jefferson County, Mississippi, alleging that the Company owed Johnson $97,464 for purchases of fuel by the Company from Johnson. Johnson has also alleged that it is entitled to unspecified interest and attorneys fees. The Company will review the claim and confirm the balance owing and discuss repayment options with the vendor.
In June and July 2011, five (5) liens were filed in the real property records of Jefferson County, Mississippi, against the Company's Buena Vista project relating to alleged payments owed by the Company to five creditors in an aggregate amount of approximately $1,155,000. The Company anticipates the liens will be repaid from the proceeds of any financing or any participation of a joint venture partner in the Buena Vista prospect. The aggregate amount of the liens is recorded in the Company's accounts payable.
26
This is your savior.
Stop by and say hi.
Classic!
Contact Information
Dr. George Chilingar
Civil and Environmental Engineering
University of Southern California
Kaprielian, Room 210
3620 S. Vermont Avenue
Los Angeles, CA 90089-2531
Tel: (213) 740-0603
Fax: (213) 744-1426
Email: gchiling@usc.edu
LMAO.. This guy is a NOBODY! Where has he been the last 10 years?
Desperate move by MNLU.
Sell the rally
Then keep buying more!!! Good luck!
Bag Holders are buying. They will buy when its .01 as well
LMAO