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.15+ coming this QTR. Hold your shares and don't look back. Glta.
IMHO don't see .003 holding. Supply (dilution) continues to outweigh demand. Any thoughts on next stop? Maybe .0027 close today?
This is why death by dilution is such a common outcome with these terribly executed financing strategies. Bitter shareholders who are down substantially will sell into any run, thus preventing huge break outs. That alongside massive dilution is a recipe for disaster. We can only hope Manu delivers solid results QOQ. Otherwise we will see this downward trend continue into the price abyss aka trips.
Typo as cleared up in post after. Meant "was" - apologies. Better than I expected. Still not great sign IMHO.
Guess "was" rather. Elevating quickly, that's for sure.
My guess is 750-800 million O/S today.
Amateur hour really. Manu gives his investor group ZERO confidence.
This is the absolute truth. Dilution of this magnitude makes upward movement nearly impossible. Dilution over supplies demand almost daily here. Until it stops, we will likely trade in a downward trend. News about real revs to offset this won't be realistic for some time. So for those who are truly invested for years, you have a chance for a home run. But the longer the more uncertainty. Never fun with pennies to hold for more than a month IMO. Just my take though. On sidelines for now. Truly a glta.
Haha congrats! My average isn't that low, but close. Check my messaging history. Glta.
What a beast!! Congrats to us longs.
How is this legal?! Biggest scam out there.
Someone's 5m+ .003 bid should be whacked here soon. Thanks Manu - you're truly looking out for investors interests and well being.
Great movement here!!
Writing is on the wall. Have probably ~4.2b more shares to dump to raise capital to finance projects and debts it seems IMHO.
gibbon is back. Time to buy. :). Good to see you bud. I've been classified as a "basher" lately for seeing dilution writing on the wall and not drinking the koolaid. Serious question, you really think this is a good buying opp? I guess I'm a bit pessimistic here. Fyi - congrats on BETS. Solid play there but time will tell.
You're welcome. Averaged .008 and sold around .01 for a small profit. Thanks for buying my .01's.
I hear you and empathize. I didn't do so well on this play myself. This is a real train wreck IMHO, a horrific dilution financing plan that ruins shareholder equity and ownership percentage daily. If you have the guts to hold for 3+ years, there could be the day of a return. Personally, I can't wait that long. And in the next year, I feel they will continue diluting to raise capital to fund their lofty plans. All 5b shares issued is a real possible outcome here. Glta.
Ugly financing plans continue. When will this dilution stop? Manu - you are demoralizing your investment group base.
I believe the same, unfortunately. I'm almost certain at these levels a r/s is being discussed and entertained internally between Manu and team. While no one knows the game plan, it's quite scary as an option really.
It's quite shameful on behalf of the mgmt team. The writing has been on the wall though for some time. 5b a/s with no real other substantial financing plans for the expensive projects laid out. Gagged TA. Scary. Still will take a risk somewhere around here. Pulled my .005 bid. Will wait longer.
Never thought JCP would be my best performing stock of the year. Glta.
Picked up a boat load around 3. Huge position in one swoop. Glta and me! :)
We think. But manu and team are showing their true colors daily. No joke - could see much lower. Then r/s. Could get ugly. And who are we to trust them? Worth a starting play though.
Maybe .0005 for another entry is smarter at this rate? Manu and team have been executing a horrific financing plan. Gagged TA sign of intense dilution. They have done serious harm to the current shareholder. Classic plan without the shareholders well being in mind. He mentions ev/r comparable to other billion $ players in space. Okay. Haha. Sure - maybe if everything goes as planned 10 years from now. Too much uncertainty here.
Put 1st bid in since a month ago at .005. Let's see what happens.
Should be fine. May take a few months to recover though. Glta.
Ouch. Good value play tomorrow?
Nice day here
Strong support here. Let's see the 10q.
Not bad entry but you realize you paid a premium here. I'm assuming based on the current dilution rate that there will be many opportunities to buy around .005 as soon as next week. Glta.
Been calling .005-.0055 for some time. Patiently waiting to buy again.
Well said. Believe me - I have my hand on the trigger with the right opp. As you know the reduction of ownership through dilution causes downward pressure and overall damage to the health of the PPS. Longs FYI - you own a much less percentage of MDNT then you did even last week. Also throw charts out the window in severe cases like this. I guess I just see this setting a new 52week low IMHO. Could absolutely be wrong, but running basic analysis of average 10m new shares issued daily results in roughly 200m additional shares outstanding a month. With days of +50m like we saw in March could be more than 300m a month dilution run rate. When will we see revs from these issued shares?? When will revs offset?? 2015? 16, 17!? I can't answer this for you nor do I want to wait that long to find out. I'm probably not the right audience for this play. So I will gamble at .005. ;) glta.
To this I commend you. Exactly my philosophy here. I have money on the sidelines waiting to add. Just not willing to front the bill NOW when I can at .005 or below at this rate. Maybe even trips if this aggressive and utterly disgusting dilution continues at this pace.
That 4.3b shares are left to be issued to the investor.
Time to roll leading up to 10Q
Reaves - I just want to make money. I will add again when either I feel there is value for a return (sub 60 days) and/or real news is delivered on financing plans. I averaged .008 with over 4m shares and got burned. Well a 20% return in a month isn't being burned, but it really pissed me off that they ruined a perfect chart for all of us to make 10x return. Serious money. Will be long again and start my position at .005. If it doesn't hit near there in May, I may reconsider another starter. Glta.
Solid weeks ahead of us. Glta.
I will be adding my starting position at .005. Will still be a risky play IMHO. Maybe 2 weeks away or less at this rate.
Every non-substantial PR with a price to the shareholder. Dilution is always more aggressive on weak PR days. Common in the penny world. We want real news MANU. Deliver the truth - are you going to issue all 5b shares to finance ALL these projects in the hopper??
I respectfully disagree. Not many companies have such lofty goals. I love MDNT's goals, but nothing has been communicated to the shareholder about how they plan to finance these lofty goals. Raising the A/S to 5 billion is the best indicator that the plan unfortunately is dilution.