News from $MNELF
I have been burned few years ago by MNELF. Since then I have been trading it and I have made back all my money. Now, that being said, the company crashed to pennies for a reason.

Everyone were sure they would go BK. However, they managed to save the company. They settled the debt and they were able to make cash by selling some assets. Right now, the company is basically doing nothing. But they have cash and they have interested in another company.

The book value of the stock is 0.43$ and it is now trading between 0.04-0.05 (up from last year 0.01-0.025). I think that most of the risk is behind us. I think they will have to burn some cash to begin new activities, but they are having a fresh start.

I am keeping 16 000 stock and I might raise my position to 20 000 (If I can grab at 0.03-0.04). I won't sell under at least 0.12$ but I think that if investors see the potential it might go into the 0.2$

To be honest I am watching closely for a return to the 0.02 level. This stock is probably going to survive, I just don't want to risk buying at this level. If the turnover work, we might be sitting on a 0.3 stock.

Wow no news, this dropped back to 4 cents. You know I was able to make back most of my money by averaging from 4.4k shares at 1.20. I sold at .12 when it exploded.

Are you still long? I put I buy order at 2 cents. If it gets back there I think I could make a lot of money... this company is turning around.

Have you read the annual report? There are two things that got my attention. The first one is the potential 85m$ that oleovest could obtain. MNELF own 85% of Oleovest, I don't know much about them, but if settlement is reached (& positive), I see huge upside.

The second one is the forward statement. It seems they are trying to seek out for a partner which could operate their business. They do not seems to have abandoned hope on their business operation. If MNELF was to BK, I think it should have happened already. I may buy 5K at 0.02-3$ to average down and try to minimize my losses.

Would be easy for me since I'm a bagholder from the February pump. I have made 1200K from my first trade so decided to buy more when it dropped at 1.20 (wasn't aware of the pump and dump scheme at that time). Holding 4400K worthless. My use 200-300$ to buy 30K share but don't know if it worth the risk.

Is it me or the latest report seems really positive? I had given hope all hope on this, but maybe it can be saved!