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Looking good here folks, people are slowly discovering this one, the float is gone without any question...
Buy order flow thus far is unremarkable, that will change later today, all the asks are faded... volume has not touched this thus far...
HILL is on high bid .13, remember, they were net sellers of 150 k shares on Friday, very bullish and revealing to have them on high bid, ahead of NITE, knowing NITE's huge market presence...
Bids have firmed well, its just warming up ...
I am sticking with my prediction that MNET will trade at least .25 + before any announcement from the Attards... possibly much higher...
Enjoy this one folks,
All the best, back to meetings here soon :)
See you all later, have meetings eom
fringe, here is one of lefty's Whiting posts follow that post back a bit and it explains the Whiting refrence ...
http://www.investorshub.com/boards/read_msg.asp?message_id=19672726
Posted by: lefty18
In reply to: rheddle who wrote msg# 255 Date:5/15/2007 11:03:33 PM
Post #of 571
No, I suggested that she contact Wes Whiting, who is veteran shell broker. So this was in response to that whole conversation. I don't know what will come of it, but it's an exciting development.
Fringe, if we get some bid depth here, and the spread is not prohibitive, this will turn into a monster momo imo...
I don't know if lefty spoke to Whiting, I know that Ms Attard has spoken to Whiting and related the conversation to lefty about this chem co inquiry concerning the MNET shell.
The ibox has some info there that lefty posted about the subject ..
fringe, lefty hooked up Ms. Attard with Wes Whiting... and they already have had contact from a chem co with 1m profit a year contact the Attards... see lefty's posts.
penny_ta has MNET on watch now, as "in play, MNET is starting to gain some attention...
Posted by: penny_ta
In reply to: None Date:5/20/2007 9:00:56 PM
Post #of 4798
** In Play: MNET - float 1.5mil, o/s 6.7 mil - Reverse Merger with Bayseng Spice Co? By the rich Attard Family.
I have been contacted by two otc alert type services inquiring about MNET. The service operators apparently noticed the unusual activity in the stock or someone alerted them from the board or in some other way. I don't know.
This morning, I have related to them what we know at this point.
All the best.
Tweety / All MNET followers;
Tweety, thank you for your post, here is a copy:
Posted by: EvilTweety
In reply to: investwise4858 who wrote msg# 534 Date:5/19/2007 1:29:18 PM
Post #of 554
Another great post.....I added 70,000 over the last 2 days and all at the ask. I would love to see traders here take a thoughtful approach to any selling. I believe that every single stock is a gamble. Some are more informed gambles than others but still a gamble and so I understand the desire to reduce risk as the price moves up by selling some shares but please consider selling at the ask and at what level you might want to start risk reduction. I do not encourage anyone to hold beyond their comfort level, I simply ask that you define your comfort level here thoughtfully. Good luck to us all.........
Now, as an interesting example, lets consider your position, it highlights and drives home the possibilities with MNET.
You own 70,000 shares of MNET, that fact alone verifies my statement that our fellow shareholders/posters here own over 50% of the float.
Here are the indisputable numerical facts;
As a 70,000 shareholder, you own 1.04% of the entire company.
As a 70,000 shareholder you own 4.6% of the entire float.
Folks, just look at the gravity of those numbers and why they are important.
Tweety, you and others here are a major partners with the Attards, in whatever they decide to do with the MNET shell.
This is what I wish newcomers/current holders to consider, it just doesn't get any better than this in the otc.
This is much better leverage than you could ever receive in any startup involving people of this caliber, even in 90% of private placement scenarios.
Ok, we are excited about our positions here in MNET no doubt.
But what about the Attards themselves ?.
In there any doubt that as 80% owners, the Attards are not going to take the most attractive offer for the shell, and consider every option to maximize the shell's value ? They have the most to lose and gain, they will make the proper decisions, without question.
The Attard family has already shown their serious strong intentions, and paid dearly to retain MNET in family control, make no mistake, they didn't go through all that on a whim or a prayer.
They have big plans, we just don't know what road they will decide to take. All shareholders must know that whatever they decide, it will be in the best interests of the shareholders at large, them and us.
The road they take may be of complete surprise to us, there are so many possibilities to consider. For a change, with these people, the surprise will be pleasant.
But take this to the bank (literally), whatever they do, it will not be small time, it will be big time. Thier motivations are to improve their 80% share position's price, and they will no doubt accomplish this.
These are Giorgio Armani coat tails we are riding here folks, not your typical otc/pink coat tails we are used to riding, you know, the ones were found in a garage sale and smell like a mail mans sock.
Everything these people do is the biggest, their family business is deemed the largest in the world of its type.
I am staying the course with the Attards, and so will many others, there is no other issue on the otc where one can own a considerable position and a piece of the Attards that warrants the attention and loyalty of shareholders more than this one.
Shareholders, once they really study these facts, are not going to take many of their shares off the table so quick.
After all, when is the next one going to come along that has all these components, I've been waiting for a very long time for this one like this.
The Attard party has nearly begun, and invitations have been mailed, only bona fide guests with shares in MNET are allowed entrance to this extravaganza.
I believe many shareholders are going to stay for the entire party, after all, who would want to leave the Attard mansion ?
These and many other points, all bode for higher share prices.
All the best.
Pardon any spelling errors in that lengthy post, I had to do it in a rush.. thank you all.
MNET followers:
This is a lengthy post, but please take a moment to consider its contents.
Over the past several days we have discovered much, and have seen increasing numbers coming here to take a position in MNET. Very exciting.
Yes, all of us here know that the Attards have serious plans for the shell, whatever they may be. Fundamentally, we are in very good shape here, without question.
Now, on to our next great fact about this issue;
THE TECHNICALS
Yes folks, now we have the technicals too.
It appears some are learning about how to put shares on the ask instead of banging and fading the bid. That is very encouraging, and it will prove out to be a huge moneymaker if we stick to the thoughtful trading here on MNET.
My Overview;
Possibly, some doublers/triples sold part yest, and maybe, HILL was selling for someone that had some shares from years ago, saw the sudden value in his/her account and decided to sell them as they are not aware of this not yet public current information we are privy to concerning MNET.
As many of you know, at the end of the day, HILL moved its ask to .17, which is highly indicative of an acceptable and highly profitable selling price for someone who has taken a position anytime the first couple sessions.
USBB moved to .10 ask before the open, NITE sat at .10 ask all day, interestingly, despite HILL's apparent inventory, their high bid remained in the 2nd tier @.07.
Nite led the way on the high bid all day, and did not attract a single seller, not one.
Unreal, but true.
NITE, by its large market presence, is the MM that is going to execute 80+ % of the trades here on MNET, thus far, NITE has moved off the ask with relative ease and has been the strongest bidder.
I think this issue can be a good learning experience for our fellow shareholders that have been beaten down and crushed in the issues they are accustomed to trading, the ones that have hundreds of millions or billions of shares.
You know, the ones where they (and myself on more than one occasion, lol) must sleep with one eye open, and don't want to hold over the weekend for fear of some terrible rumor or unpleasant news account.
On this one, as we have seen, and will continue to see in the coming weeks, the combination of the low float and the credible owners will have people buying more, selling less, and putting their shares on the ask if indeed they do wish to shed a few. Now folks, you just don't find that in the Pinks.
Not discounting the action of the previous 4 sessions, yesterdays action, Friday, is a strong indicator of what type of investor we are attracting here, I just have not seen many flippers coming in here yet, but I believe it will be possible to start attracting some starting with Monday's session.
I believe we about to experience some sustained gaps and runs, but, not without the attendant volatility. One must have thoughtful plans for this one, gaps are going to start taking out many asks that have been set for day execution.
If one analyzes the trading patterns over the last few days, it is obvious that it is under heavy accumulation and many are watching. For instance, after the huge gap up the first and second day, every fade in the bid, (the largest gap down was to .04) lasted only a few short minutes, and the issue recovered to its day high on 4-6 trades totalling less than 50-75 k. 50-74 k after being down 50%, that is unreal, thats $3-4 thousand dollars to wipe out a 50% drop in the price when averaging the share price during the "recovery". That borders on insult, but it is true and quite revealing.
Over 50% of the shares purchased this week,(40% of the entire float and over 50% of the consolidated trading volume for the subject period) have been purchased in the .07-.09 range. Mostly .08's/.09's if you really break it down.
If one looks at the time and sales, these are small trades and it is obvious people are starting to take starter positions and build on that, these holders are more likely to hold for longer periods, as their MNET holdings do not represent a large percentage of their portfolio.
These facts and others make for a very strong base folks, from which to make gains.
As I mentioned earlier, I believe that we are going to see some traders come in starting Monday. Relatively, the board chatter has been weak and spotty. This is good, the base has not been built on spamming and mindless pumping. Folks have visited the board, read its contents, seen who is involved, and bought a few. Its that simple. The board has 39 boardmarks this morning, very strong for a stock that has only 1.5 million shares to go around and is selling at .10, meaning the entire float is valued at a paltry $150,000.
In a post yesterday, I predicted that MNET was going to be the talk of the boards on Monday. The possibility of this is good from a technical standpoint and what is likely to occur.
Here is why;
Many traders are reluctant to enter this one unless it holds and breaks .10. They require conformation, they will get said confirmation on Monday, no doubt.
In the last half hour of trading Friday, the relative strength indicator made a big move to the upside near the dearly beloved 70% line. Very positive.
The on balance volume indicator would make Joe Granville wet his pants. Enough said.
The accumulation distrubution indicator shows a net accumulation of between 650-750 k, indeed, right where those .08's/.09's are, discussed earlier in the post. Bullish.
Of course, the MACD is positive during Fridays session, after being "weak" Wednesday and Thursday due to the "downticks" and some churning during those days.
We have only have a few shareholders here relatively, I am throwing some caution in the wind here to encourage holders to make thoughtful decisions as to how they will execute any sell orders.
One must be mindful of the fact that we have not had any relatively large buyers appear here, the largest single trade size has been 50,000. The next, 33,000. Both those trades have occured in the upper end of the trading range. By a large statistical percentage most of the trades have been in the 5-10 k range.
My guess would be that 20 or less board members here, own way over 50% of the float.
So far, with the first and second day as an exception, there has not been any intensive buy order flow to disrupt the ask.
This will all change starting on Monday, when .10 is breached. The traders will arrive along with all the rest that have disccovered MNET over the weekend and have seen what is going on. This will continue all next week and beyond. The bid will firm and it may be theoretically possible to trade this one a bit. This will create volume. The only thing in question as to this point, is whether there will be considerable ask fade. I just don't know if there are enough shares available to make a intraday trade worthwile. We shall see what the traders decide on Monday.
If the traders believe they can get enough shares to make it financially worthwhile to them, coupled with the fact that people wishing to take a traditional trading position want in as well, this could turn into a tremendous momo play imo, if the volume appears and the bid stays firm and the spread between bid and ask is not prohibitive, it will happen without question.
That is why you need to ponder this weekend as to where you want your shares sold if you decide to let a few go. Stick to putting them on the ask, you will be amazed how much difference that makes as to how strong the issue trades to the upside, how much stronger support lines are established, and how firm the bid will be. Try it, you will like it.
Take advantage of the coming volatility, don't let it use you. If you put shares on the ask, put them in at varied price levels, you will have much better gains.
It is my sincere belief that this issue is going to trade at .25 or more prior to the Attards make anything public.
If the Attards were to make any move, even something as mudane as updating Pinksheets, or, something as simple as releasing a PR to announce that they have plans for the shell, all bets are off folks.
Have a good weekend all.
All the best to you and yours.
Frankie, yes, those suggestions implemented would send this one up to new highs.
Chart does show some dilution imo but not much really, just seems a little short of enough interest/volume to accomodate the shares that were put in the float if indeed that is the case.
It seems to have reached a low and found support, the management appears to be fairly investor friendly, otherwise this would be subpenny already with the volume its getting of late.
On watch, may add to my core position.
All the best.
If this one gets any vol/news, whatever, this could easily run to $1.00 or more imo.
I have a call in again to cred. committee legal counsel to get an update, but have not heard back as yet.
One must remember that the BK court and the cred commit are bound by ethics (and the law in some respects) and may only accept qualified, financially sound merger candidates. So when they do find one, it will be a viable operation that will have had its finances and personnel authenticated.
With such a low float (about 500k) a r/m announcement would send this up violently. If one looks at the chart when volume hit this just a while ago, you can see that it moved intra-day to .09 on a simple substantial increase in volume from the previous session.
It is obvious that profit taking, (the previous day traded a huge amount as mentioned) and some obvious day trading exercises capped the gain that day. Had buy order flow continued just a while longer that day, this would have easily traded to .20 or above during that session. Refer to chart.
It would seem that the merging co. would probably wish to forward split this issue to create some increased liquidity. That would be very attractive to existing shareholders as well.
National City Bank is not going to call me back, I spoke with my counsel about this, he told me that they would never disclose to whom those shares were transfered/sold. That explains why the National City attorneys have not contacted me with the requested information.
Interestingly, the cred comm legal counsel also would not disclose to me who received the subject shares in SEC filing (5% of GWOW o/s) from National City Bank.
To me, that is the best indicator here that something is going on in the background, National City Bank owned those shares for years and years, then suddenly disposed of them and filed a disclosure statement to the SEC in early 2007. (see SEC filings for verification). They sold/transfered the shares long after the majority of the bankruptcy proceeding was finished, Why ?, when the cred comm legal counsel told me that 99% of the BK case was finished 2-3 years ago.
I can tell you this, I am going to hold mine until we hear something, any merger would send this over a dollar at minimum with the miniscule float and the low o/s of 3.7 million.
Depending on who the merger partner is, possibly much higher.
Its worth the risk.
Hold this one. eom
stvrvc...have this one on watch to add to my core position, thank you for your synopsis. One of these days this one is going to take off, its a sleeper...
Have a good weekend, all the best.
Looking good here, have a good weekend all eom
Held very well here today :) eom
fringe, ref: MNET...
When you get a moment, would you kindly post a MNET chart in a post like you do over at MNET board, it will speak volumes....
.09's gone fringe, this will be up strong on Monday and thru the week, float and sellers that shed 1/2 on doubles/triples are gone.
Have a great weekend.
MNET Time & Sales for Friday, May 18, 2007
Source: Alphatrade
MNET(2007/05/18)
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
15:58:27 10000 0.10 + OTCEQ_NBB
15:57:21 5000 0.09 + OTCEQ_NBB
15:50:12 3600 0.09 + OTCEQ_NBB
15:50:09 10000 0.09 + OTCEQ_NBB
15:43:48 4940 0.09 + OTCEQ_NBB
15:43:39 10000 0.09 + OTCEQ_NBB
15:32:39 14990 0.09 + OTCEQ_NBB
15:17:18 12500 0.09 + OTCEQ_NBB
15:03:54 3600 0.09 + OTCEQ_NBB
15:03:45 10000 0.09 + OTCEQ_NBB
14:50:00 14950 0.09 + OTCEQ_NBB
11:54:42 5000 0.09 + OTCEQ_NBB
09:58:57 15000 0.09 + OTCEQ_NBB
09:50:18 7500 0.09 + OTCEQ_NBB
09:39:15 5000 0.09 + OTCEQ_NBB
09:34:18 5000 0.09 + OTCEQ_NBB
09:32:03 25000 0.09 + OTCEQ_NBB
09:30:21 26123 0.09 OTCEQ_NBB
Folks, all weekend people are going to be visiting the board and will discover what is going on here with MNET.
Do you realize there was not a single downtick in todays trading, all buys, every single one of them. I don't remember the last time I saw that. Very impressive.
12% of the float traded @ .09, providing us with a continuing strong base build.
This on a friday, typically a day of lackluster trading or profit taking.
I haven't called for a significant gap on this one, I am now, Monday it starts.
Cuttin / All MNET holders:
Cuttin, you posted earlier in response to Goldman:
Posted by: CuttinRog
In reply to: GOLDMAN007 who wrote msg# 514 Date:5/18/2007 12:14:42 PM
Post #of 527
.09 Might be a few peoples 50% free share point but once we get over that its blue skies. Thats no where near my free share riding point but thats me. The catalysts are coming and coming soon. Once we break that .10 then should be smooth sailing.
You hit the nail on the head there cuttin , many in here at .02/.03/.04 that sold half @ .09. Thats their trading style...
Everyday a new price base is established from which to run... we are there imo...
If one looks at the share price action posts in my posts and now in the ibox as well, it is very clear to see where the money and share price per respective position is.
This starts its run on Monday...
I can't believe how well this is setting up for a monster run...
All the best.
MNET Shares traded by price overview:
Note: also will be available in Ibox on the evening following close on most days.
Source: Time & Sales, Alphatrade
Todays trading: Friday, May 18, 2007
Price Shares Dollars
@.10 10,000 $ 1000.00
@.09 178,203 $17,038.00
12.46% of the entire float traded today.
Day by Day since Friday, May 11, 2007:
Date Vol Dollars
05/11 195k $ 3900.00
05/14 149k $ 8900.00
05/15 148k $11,800.00
05/16 268k $18,830.00
05/17 224k $16,746.00
05/18 188k $17,038.00
78.06% of the entire float has traded since Friday 05/11.
Largest block trade by share size since run began 05/11;
05/17 50,000 @ .07
Largest trade by dollars since run began;
05/17 50,000 @ .07 = $3500.00
MNET will be the talk of the boards on Monday, not one sell on the bid all day !!!!
Perfect, HOD on record volume no downticks all day, HILL moved all the way to .17. Folks, we rock Monday. Could not have been set up better :0
once .09 is gone, i believe .10 will fall pretty quick.. see you all later, meeting this afternoon
ubss is a marketmaker in MNET, i was pointing out that UBSS moved up their ask before the open this am, indicating a fade in the ask side.
:)
See yu all later on, have some errands to run eom
gold, the .09/.10's will be history soon, anyone who checks out what is going on here will want a piece...
MNET has already 90 minutes into the day, traded nearly half dollarwise what it did the entire day yesterday, and that is on a Friday, typically a weak day to for traders to establish positions.
Have a great day !!
Fringe, ref; MNET, thank you for pointing out the MACD shift on it last eve, looking very strong this morning.
dapper, you are welcome, this is being discovered by a few each day, once they see who is behind this MNET they take a position.
This one has been hidden a long time, the Attards will make a move soon and we will have a home run.
Dapper, nice add, congrats, welcome here, lots of good folk in this one...
gold, when it breaks .10, major gap and run, its clear as day.
Chris, fringe pointed out last eve that the MACD turned just slightly positive right near the close yesterday.. this morning there is conformation with a much more apparent green bar staring one in the face.
The last trend of this type began last friday, when the issue zoomed up in leaps and bounds :)
Chris great move and fill :) eom
Only HILL @.09, when those shares get chewed up, watch close for signifincant price action...
Already over $6000.00 in trades this morning, all of yesterday what did we have dollarwise ? $16,500 in total.
Establishing a good base here folks from which to make a major move, it may take a little fade in the bid to get this going and show traders its going to immediatley recover just like it has the last few days...
Fun to watch :) Enjoy.
Many are watching for this to trade over .09/.10, for tech reasons..
When it does, buyers will appear out of nowhere, problem is there won't be many shares to go around... thats a real good problem for us that already have established positions.
Watch what happens when one player decides he or she wants 50-100k of this one, or two want the same amount or more combined...
The shares are not there folks...
The MACD on this one is really starting to look good folks..eom
Tweety, thank you for your kind words, I hope that the post explains and illustrates what pains (not to mention the huge expense) that the Attards had to endure to get MNET back in their control.
This more than anything should document their intentions, I truly believe lefty is correct in saying that the Attards want their $7.00 share price back on MNET eventually.
And you know what ?
My money is on the people, the Attards, that have got this pink sheet stock MNET and want to proceed... The Attards, who just a few short years ago were partners with the world known billion dollar Meredith Corporation.
Yes, apples and oranges at this point, I am waiting for the compote to be served at this party :)