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900% increase today! lol
Now who bought 100K shares at .02?
OMG, Zigfraud is onto something here. I think Zig IS the old Iraqi Information minister. http://www.theregister.co.uk/2003/04/11/why_we_love_the_iraqi
Remember him? Getting on TV telling us how all was fine while Iraq and Baghdad crumbled around him! That's where he ended up. He and Zig have been the same person all along!
MTDX down 22% on that great PR today. Noone believes the lies anymore, Zig. Put up some real value and revenue or STFU.
The victors always control the past. That's one of the benefits of being a victor. You can rewrite history to your benefit. Just like none of the earlier atrocities (PRs) happened!
Karma has a beautiful way on coming back to SPANK your a$$ hard for the terrible things you do. You can't escape. Zig and his cronies and all you shills on this board will get what exactly what you have coming to you some day. I only wish I could be there to see it. Damn, Karma's a bitch.
Now that's comedy.
"You have to be a complete fool at this point to have any faith in him."
That is, unless you're in on the scam with him like some of the transparent shills on this board. The that psuedo-"faith" works out real well for them and Zig.
Pink sheet companies are the best pyramind scheme out there. The first in do the best. Let all the johnny-come-lately's pay for the frontrunners.
I put a thousand dollar bill in an envelope to Zig, Jamir and the rest of your cronies and shills and pretty please put me on your list so I get a shiney thousand dollar bill too at the end of this scam??
What the hell is this? Volume and breakout above 50 day MA? This is surely one of the seven signs of the apocalypse. :)
Don't let Zig do it again.
sec.gov
bbb.org
ripoffreport.com
Tell the world about this scumbag.
defrauded Motion DNA? Who's suing who? Can you provide online documentation for this? What is your source? Thanks.
By the way, make sure Zig gets plenty of coverage at:
www.ripoffreport.com
and
www.bbb.org
File your own reports so he can't easily do this again in the future to others.
So what's the best course of action here?
I'd like to get some or all of our money back but I'm not holding my breath on that one. You can't get blood from a stone.
It might actually be worth it just seeing Zig and possibly Jamir locked up for a very long time in a miserable prison where they belong.
I'm looking into filing a lawsuit with an attorney, but I'm not sure if I should go the civil or criminal (or both) route here.
I'm thinking of just starting with the civil lawsuit and then through that having the attorney contact the local DA to see if there can be criminal prosecution ala Enron and Worldcom.
Let's share thoughts here on the best way to make Zig pay dearly for his crimes.
I love the smell of panic in the morning.
Settle down there, bell.
The company is trading at almost 1/5 the value put on it by Formula a few months ago in the buy out offer. Why was the offer rejected? Because the majority of shareholders thought the company is worth more. And now we're at 1/5 the value. Does this seem like a good value proposition to you? How long have you been trading? How many times have you seen a company's stock hit rock bottom, where most usually sell, before recovering huge gains to make up the intrinsic value. This company is worth at least $56 million based on Formula's offer. I'll take my chances with it trading at a market cap of $12 million.
Added here
Well then, the only solution is to sell it to someone more capable and get rid of that useless dead weight Zig and his buddies. Let someone come in that knows how to run a business and take this technology and run with it. Selling the business is in his best interests as well as the shareholders. Let's see this deal with Formula happen sooner than later.
LOL, Zig is good at one thing. Creating bitter investors. He keeps creating one batch after another. Good stuff there, Zig. Your calling in life was to start a public company and piss off thousands in the process and you're doing a helluva job.
The gall of this company to call a forward split a "dividend". They must not think much of their shareholders if they believe we are so gullible to believe a simple forward split is somehow a "dividend". These are the kinds of foolish looking statements that give me doubt about this company. Time will tell.
Yes, I'm giving Zig and crew the benefit of the doubt for now.
But if this shows any more signs that this was yet another shareholder raping at
the hands of Zig and company, the fangs come out. I'm feeling out attorneys now. I'd rather not go there, but if this was illegal, it's about as well documented publicly as anything and should be easy to cause some reciprocal pain.
I wrote IR an email asking for clarification. Is this a simple Forward split or a dividend? Which is it? A forward split is a forward split, nothing more. Price gets reduced by 1/2 and I get twice as many shares. This doesn't benefit me anymore than it benefits someone buying after the forward split happens.
What the hell is this "dividend" they are blathering about?
I haven't received a private reply yet. Just this moronic second PR today that doesn't answer any of those questions.
The next question here is whether or not anything illegal transpired during this entire episode, from extremely slanted PRs to PR people hawking their snake oil. Anyone know a good securities attorney they'd like to have look over Zig's latest debacle? I would be very happy to find out that the company is holding out for a better offer, however, if this has just been a well orchestrated con, I would like nothing more than to see the likes of Zig and his cronies sharing a cell with Mr. Ebbers.
The one positive spin on this is that the heavy shareholders MUST think the company is worth more to have voted so heavily against a $3.12 buyout. What other possible explaination is there? Except that this entire multi-month, well PR'd and orchestrated scam was to pull in unwitting buyers so the insiders could sell against it. This is all speculation of course.
If this company has acted honestly and in the best interests of the shareholders in trying to secure this deal, then they MUST issue a PR explaining this situation a bit more and how they now plan to move forward.
If they do nothing and this entire "buyout" was a scam perpetrated on new share(bag)holders, then I'm calling my lawyer.
The bad news is we don't know the vote yet!
The good news is, even if it doesn't pass, the reason is because they believe the company is worth MORE!
Win-win.
Place your bets! 9 minutes to place your bets.
Added another 1000 today at $1.60. Thanks!
13:35:37, 06/17/05 Filled Buy 1000 MTDX Limit 1.60 13:39:18, 06/17/05
A theory on price. Reverse psychology.
If I had knowledge of the outcome of the vote and had some degree of power over the price of the stock, would I want the price to go immediately up to the buyout price and just sit there? At that point it's game over. Nothing to do but sit and wait for the buyout to happen.
On the other hand, if I knew the vote was going to go for the buyout and I could do something with the stock price (insiders/MMs), it would certainly be in my benefit to keep the price low, especially if I could do it on low volume with little risk. That would allow me to pick up shares right up until the actual announcement at VERY CHEAP PRICES.
Noone here really knows what's going on so any theories are just that.
Trade accordingly.
Keep the panic coming. I need a fill high $1.60s.
The last day to buy shares eligible for the vote was May 11 (T+3) to be a shareholder of record on May 16th.
Whoever had the shares in their hands on May 11 got a proxy and got to vote their shares as they wanted.
Must not be alot of shares available out there. Retailers got what they got and are just waiting for the buyout. MMs don't want to put up any large bids just yet. It's easy to drive the price down on very low volume when you control the market. .05-.06 down at a time trying to see if any panicy retail will unload into them. I suspect we'll see this dip for a couple of days and then go up quickly at the last minute.
Play along with the MMs. Buy the dips. Don't be lured into doing what they want you to do which is to sell shares cheaply to them.
Though if you want to panic, please do so, because I wouldn't mind some cheap panic shares myself. :)
Just added more at 1.90. Thanks to whoever is selling.
MTDX finally getting some respect. Can't say people didn't have their chance to buy for several weeks, but that chance is slowly but surely dissappearing as we get closer to the halt and vote.
Just got my proxy vote e-mailed to me.
Voting now. Should I vote yes or no?
Here's a link to the full agreement
http://ww3.ics.adp.com/streetlink_data/dirMTDX/saB80A.pdf
Looks good. I suspect the price will rise significantly
starting tomorrow.
Such strange, light trading on this stock. I've had an order in all day at 1.30 and 1.26, no fills even though I'm seeing lots of trades under 1.30. Anyone got Level2 Pinks that can give me a depth snapshot?
Has anyone got an answer yet with regard to the vote and announcement? The votes should all be tallied by the 17th, but has anyone heard of when to expect a PR confirming it? I don't want to wait 2 weeks after the 17th to find out.
Please, nervous people, keep selling. I want to double my position at $1.
Yes you can still buy to get the buyout price.
The reason it's low is because most people have an irrational fear of the pinksheets. That keeps them out of opportunities like this.
That's MMs scalping retail trades. That's how these crooks make money. Hold your trade til they can get a better fill and take the profit.
Anyone following this stock anymore? Is this recent removal of Boyer a good thing?
Premier Development & Investment, Inc. Accepts Resignation of President and C.E.O.
http://biz.yahoo.com/bw/050527/275480.html?.v=1