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I just got off the phone with IR. She told me they are cash flow positive now. She also informed me that we will have a PR today pertaining to negotiations with Formula 51. The two companies are meeting today as well.
I have a friend that is a broker. He talked to IR on Friday. I plan on calling them with a few questions myself today.
Old news, but a great reminder of our corrupt market:
http://www.faulkingtruth.com/Articles/Investing101/1032.html
NEWS-Unconfirmed reports say that the company is now cash flow positive and will announce this shortly when the financials are released. If so, that would certainly explain why the insiders would have had a 85% "no" vote. Hold on tight. We could be in for a big ride. JMHO.
Is the income real that they projected in January? The only people that seem to know don't want to address that question for some unknown reason. I hope for the shareholders sake that it is true. JMHO
Since you are going back and quoting my posts Maninfla, where is the one where I referred to you as a basher? I was only commenting on the alleged "short theory" that the company has suggested. On a personal level, I would like to see the proof of it. If, and I repeat if, there is a huge short, they would obviously like the stock to go to .0000. Why would they want to cover at all? Do you really think that is a naive theory? I don't post here much, but I always gave you more credit than that. JMHO
One of the great "mysteries of life" Serfie. Maybe .0001 isn't low enough for the bashers. I would say that extinction is the ultimate goal. The $100,000 question is, does Telatino's care? If so, when and where is the news for their shareholders? This company is three hearbeats away from flatlining. JMHO
No bashers needed here. The executives just took 75% of the company away from the investors and kept it for themselves. Who needs bashers? When does Telatino's plan on "giving back" that 75% to the common investor that paid for it? I'm sure once they take care of "shortie" that was mentioned in the latest PR, they will fold-up the private company and give that 75% right back to the shareholders. Yeah right. Anyone heard of the saying, "wake-up and smell the coffee." JMHO
It's kind of like asking the wife, "honey, can I have a little?" She quickly replies, "h*ll no!" She just didn't give you the traditional, "not tonight honey, I have a headache." What does this have to do with Motion DNA? Well I'm gald you asked... The vote wasn't a simple "no." It was a "h*ll no." (forgive me Lord for my analogy, but it's the best one I could think of!)
Thanks for the update Yukondan. There may be a rose amongst the thorns after all. Have a nice weekend!
If they want the next deal to go through, they need to publicly announce that the major shareholders have approved the deal. Yesterdays vote proved how "out of touch" the board was with the vast majority of the shareholders. JMHO
I would really appreciate your analysis of the chart. I value your opinion and would like to know what you would do if you were holding it right now. What does the chart tell you Mick? Thanks in advance!
Formula 51 has tried to buy Motion DNA twice. 2/3 of the board of directors approved the latest sale but obviously didn't have the pulse of the shareholders. It got shot down by an 85% vote. I guess the company is worth whatever someone is willing to pay. It was trading at the $50 not too long ago. and those shareholders aren't willing to settle for $3.12. JMHO
Doing good Mick. As far as MTDX goes....It's one of lifes great mysteries. The buyout got voted down by 85% yesterday. If Formula 51 puts more money on the table, there is going to be a whole bunch of money made from these levels. If they walk away from the bargaining table, MTDX is a 50 cent stock again. JMHO. Take care and have a great weekend!
Larger buyout offer on the table for MTDX?
http://www.investorshub.com/boards/read_msg.asp?message_id=6777701
Big money ahead for MTDX?.....
http://www.investorshub.com/boards/read_msg.asp?message_id=6777701
Bigger money ahead for MTDX?.....
http://www.investorshub.com/boards/read_msg.asp?message_id=6777701
http://www.investorshub.com/boards/read_msg.asp?message_id=6777701
More money ahead for MTDX?
I agree 100% with that Skeena. I would make sure I had at least 60% of the votes locked-up before I ever took the vote public. This was not even close. JMHO
Sounds like a "scam theory" you've described JC. JMHO
Over 85% voted against this proposal. UNBELIEVABLE to me. Shouldn't they have gone to the MAJOR shareholders and known that Motion DNA had their vote in the bag before the first proxy was sent out? How much money was wasted in press releases and the voting process because they hadn't done their homework. JMHO
It against the law to naked short a stock as well, yet all pinkies are supposedly shorted. Brokers have different rules for different people. Many brokers wave various rules if a stock is above a dollar. MTDX used to be above a buck and hopefully will be again tomorrow!
I think that many people had "market sell orders" already to go when the "no vote" hit us. Add to that the fact that stop losses were wiped-out along the way as well. It made for a pretty ugly final 10 minutes of trading didn't it? Look for something positive from the company early tomorrow. JMHO
If any of you are close enough to attend the shareholder meeting it would be great to know they have to say. Please let us know if any of you get to attend. I'm shocked at how the vote turned out to be so one sided. If you told me one side had gotten 85% of the vote, I would have felt confident it was approved. JMHO
One thing we do know. The worst case scenario would've been a "no" vote followed by Formula walking out on the deal. That hasn't happened from what we've been told. If it's a no vote, they are trying to put a better deal together in my opinion. It could be a yes vote and they may be discussing the changes that will be taking place before it goes public. JMHO
I just got off the phone with the company because I've got to step out for a while myself. I asked to speak with IR and she said they were in a meeting. She said that the best time to call back would be 12 their time. I would like to be a fly on the wall inside that meeting right now. JMHO
Those designer T-shirtes are too funny Serfdom. I needed a good laugh first thing this morning. I hope all of you have a great day!
If you don't like to take risk, you need to invest your money at the local bank in a savings account. The stock market has never been a sure thing, let alone "pinkie land." IF the vote doesn't go through, we may well have a better offer in the waiting. This company is worth AT LEAST $3.12 per share, unless the buyers no longer think so. JMHO
I agree dzyn. There is a huge difference between .05 and .0005. 1% of the share price when we were at a nickel. Think about that folks... What if we bought a company for $500 per share and it went to $5? Proportionately there is absolutely no difference whatsoever. SOMEONE has made a lot of money on this stock. Every dollar that has been lost by investors did not disappear into thin air. SOMEONE has it.
That date of record was just to be eligible to vote. I bought more shares today and was told by IR that I would receive the buyout price if the buyout was approved.
I hope you're right. I feel sorry for those poor girls in IR at Motion DNA if the vote doesn't go through. Some of those idiot shareholders will act like its their fault. JMHO
I have a strange feeling that there is a closed door meeting going on right now in Arizona. Anybody else feel the same as I do?
Congratulations to all that bought this afternoon. (if the vote passes!)
I've have said it before and I'll say it again. If you are the acquiring company you must make sure that you have all the key votes on your side before the first proxy is ever sent out to the public. I can't help but believe that this deal isn't already done. We will find out soon enough!
Are people running scared for no reason or has word leaked out from the inside?
The final hour should be VERY interesting.
That's all well and good if Telatino's has the contracts. "show me 'da money." Where is all that revenue now? Who has it?.....
I'm happy to hear that you are close to making money. This stock has sucked a great deal of money out of investors pockets in recent months. I would love to find out where all that money has gone.
But who owns all those contracts that Telatino's claims they had now? It's no longer the property of TLND anymore, and most importantly, THE SHAREHOLDERS. I read nothing in the PR that stated the contracts would slide back into the TLND shell when everything is straightened out. Unless I'm missing something, TLND shareholders got sold out. Investors bought a company that had revenue of between 50m-85 million dollars. What do they own now? JMHO
Where is BF Egypt? It looks like they have all the other cities on the globe listed! LOL