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And sir, can i interest you in the supreme ? :)
Patience folks :) It takes a good pizza pie just a bit longer to cook :)
Went from 4 boardmarks Friday, to 24 today, word is staring to get around.
yep that was me Zoom, let me pour yu a cup :) eom
15 k took out .079/.08 now .07/.09 1x2
you have 3.33 % of the float...hard to fathom huh? This is what most are not comprehending.. by the time they figure it out, it will have run away from them...
all the best
Zoom... were those your opening trades ? eom
rheddle, welcome, you took out .07 ask, ask now .079 lol
Watch the small fills on the ask today, you wont believe it...
Heads up folks, the train is warming up the engines, suddenly the bid is .06/.07 2x1
See this link concerning CEXP :
Scroll down, CEXP is listed with case #
http://www.defaultrisk.com/news_crdistresses.htm
One thing to keep in mind, the majority of the debt in this business is the financing of all the vehicles for the fleet...
Whomever was the senior lender on CEXP would have a significant deficiency balance due after all the trucks/equipment were sold...
At one time, part of the Walton clan had a piece of this company, despite that, CEXP lost Walmart as a client and eventually went under. They filed Chapter 11 which is reorginization, but as far as I know, never proceeded to try and operate with the remaining assets under a court approved reorginization plan called "debtor in possession". The debt load from the financing of vehicles is usually what puts these trucking firms in the red.
I posted a 2006 article a while back that mentions a few tidbits about the co in general, history and such... didn't look like there was much going on at the time insofar as gearing back up..
Lastly, there was another post where the AMEX informed its members of the filing... its somewhere back in my posts on this firm...
yes fringe, and many will be sittin round sayin WTF? I heard bout that stock a few days ago.
lefty: being serious and addressing your post:
About the Chinese/International Bayseng possibilities.
The news article confirmed Bayseng sales to Japan, and mention of Bayseng seeking China clients as customers, as well as some type of possible coop with wine producers from China using the Attards/Bayseng property.
The whole idea of them making inroads with Chinese firms really opens up alot that could be going on imo, the Chinese herb/natural remedy market is in the billions, that may be connected in some way...
Lots of profitable possibilities here for sure...
fringe... I agree... most don't realize how quickly it happens, proud to have you here with us.
Lefty this is what many can't see and its right in front of them!!
Can't blame them though...lots of people with saddle sores and no balm...
They will see the light soon, its just now dawn.
cuttin, the friends, relatives, associates, and proxies will arrive to buy, but my bet is we are 1.00 plus when that happens.
I want the Attards to get their nearly 30-40 million market cap back in MNET, I have no doubt they can do it in time with the resources/management/business contacts/operating businesses at hand and in their complete control.
congrats and welcome :) eom
I wondered when someone was going to post the Chinese Wine possibility. lol
22 Boardmarks folks, right before your eyes, at close today there were 14 or 15.
biggeorge: the board was just started 3 days ago, much has been done here to give everyone information, this whole thing just developed really in the last few weeks....
It was just late last Friday (the same day the board was opened) that Stocker confirmed he had turned the shell back over the the Attards...
Things are actually moving very quickly here... whats the rush really ? There will be plenty of buyers waiting for those that wish to be impatient and sell...
Those buyers being attracted to this one are just now arriving...you can see it with your own eyes.. the board chatter is only beginning to get a bit louder....its like a good party man... the later it gets, more people show, it gets louder and louder until everyone is having a great time... this is a kegger and we just filled the first cup... :)
We have not even begun here my friend, you have your tickets, enjoy the ride :)
Good luck and health to you and yours.
cuttin, the possibility also exists that the insiders may attempt to secure more shares themselves from the float...
After all, they know the value of what is being merged into MNET better than anyone....and most certainly that value far exeeds where we are now. The entire float at close today is valued at a ridiculous $105,000 lol.
They just gave Stocker $50,000 plus untold legal fees on top of that just to get the shell back !!! Hellllooooooo
Here is the thing folks, most traders are not used to dealing with a float this low, we are so used to millions of shares being in the float that one must adjust their thinking/actions to this issue...
The reason CSBR rose to its heights in such a short amount of time is that many of the initial buyers were/are very experienced traders.
They know if they buy and hold a low floater and there are some things going on/realistic scenarios and credible management with the subject company, great things can happen and often do.
People who bought CSBR and flipped it are kicking themselves to this day, trying to make 5-10 cents a share on a trade and it ran away from them in an hour or less.
We have a greater opportunity here, particularly short term... why > ?
The float is 1/5 the size of CSBR, so our chances of the same price events are 5 times better.
This business plan/merger involving MNET will take a much shorter time to execute, the CSBR model involves lengthy (time- wise) medical technology licensing/patents and so forth.
The Attard family already has the operations/revenues in place that can be placed into MNET and have indicated their desire to do so.
I'm not dissing CSBR at all, I'm a early shareholder, but the fact is their business plan is much more intricate and requires more patience.
Lefty, yes it was a huge gap, the largest gap I have ever seen in a otc that was not subject to a pre planned halt.
Make no mistake, the members of this board have between 40-50% of the float already....
Ok, 19 boardmarks now folks, the word is getting out. eom
I've been waiting here at the bar for you all, I wondered when some would seek refuge from the rat race outside and come stumbling in :)
biggeorge, lefty has been in contact with the owner of the shell, kindly refer to his posts as he has been quite specific in detailing his conversations with her.
If you read each one, from the beginning, it will give you a really good idea what is transpiring here...
cuttinrog has provided some very significant and revealing dd and I suggest you read all of his posts on this board. If you really have alot of strength this evening, perhaps you could check out a few of my posts as well. :)
To me, what is most revealing is the successful efforts of the shell owner to take back control of MNET at quite a considerable cost of time, legal fees and expense.
She has told lefty that she wishes to merge the retail end of the family's Bayseng Spice Co into MNET. In addition, she told him that Bayseng had just inked a deal with the Osco Drug Company ...
You will also discover in lefty's posts that he plans to contact her again soon for additional information.
Obviously, none of us is privy to any publically released news coming concerning these developments with MNET, but one could ask him/her self.. why would the Attards so hell bent on getting their shell back from shell guru David Stocker, and then turning around and updating and filing their annual report with the State of Washington..
For now, I will let you ponder those actions yourself...
Good luck and health to you and yours...
Folks, open your eyes and see....
MNET had 22 trades today.
MNET traded 149,000 shares.
MNET average shares per trade today, 6800 shares ($400.00 m/l)
MNET largest "block" trade, 20k (1) (fringe)
MNET increased share price .04 132%
MNET 14 trades (63%) were for 5000 shares or below.
Unreal.
Firm your bids people, and sellers ? Stay on the ask.
Oh wait, what sellers ? It looks like there was only one all day !
You ain't gonna wanna flip this one, you will not get an acceptable number of shares upon attempted reentry.
Look at time & sales, mm's were paying above the bid today to fill orders at ask, especially on the odd lot transactions.
Its all right there, plain as day.
Hold your shares folks and accumulate if you are able
.. you will be smiling sooner than you think. :)
Atta baby, slow and steady til more news is posted eom
Great board here folks, marked :) eom
A mil vol would propel this to .75 to 1.00 no doubt.. I can't recall one I have been involved in (excluding CSBR with 5 times the float) that has this combination of components , the management, the owners having a private co. with revenues they want to r/m, and the appealing share structure to boot, just does not happen in pennyland.
I've been in issues (pink/otc) that have two of the components, but never all three.
Folks will be finding out soon enough... no doubt
I can tell you this, you won't be able to catch the ask when some of this info starts getting around or it gets just a whiff of news...
I would guess in the top 5 on Friday, thing is alot of those above MNET today have less than 10 k volume do not trade much.. in any event, our boardmarks and exposure will keep increasing..
MNET #23 on pink percent gainers eom
Lefty, people need to get their positions established even if starting out with a small amount. Interest is going to increase as the word gets around.
In addition, the Attards associates/advisors and their friends are going to show up here eventually.
Tat, did you contact B of A for an explanation as to the no fill ? eom
Great day folks, MNET will be starting to get some board chatter and show again in scans, over 100% gain again today on more dollar vol than Friday, strong upward price action and virtually no selling. Accumulate and hold these shares folks.
Just look at what the mm's are letting go at each .01 price level... not much, only one 20 k trade, all the others were less.
When buy order flow comes to this its all over, it will explode.....
yep she jealous.. see you all later on, back to meetings until later this after... good luck and health to all
This float is like twiggy on a all watermelon diet... ya aint gonna be able to flip this one folks, you won't get your shares back on a re entry
fringe arrives, now were cookin eom
Lev 2 .05/.08 3x1 NIte at 8 Hill 9 UBSS 2000.00 eom