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Just think, a supposed 70M buyout bid was rejected for a company with 3M in UNAUDITED revenues. Now the price is sub .10. Just doesn't seem right.
MTDX has -0 credibility, that's why the stock is headed towards .001. Nobody but a novice beleives the PR's they put out. That's what more of these obscure pink sheets stock do. They create a glowing story to pump the stock up so they can unload their shares. That's pretty much the way pink game is played.
.09 close. Looks like it's headed for sub penny. Looks like that "100 shares on the ask guy" sold. Has Zig made good on ANY of the stuff in his PR????
MTDX has zero credibility, as reflected in the stock price, only nine pennies (bid price) from zero. Split adjusted it would have to go to about forty some dollars to break even!!!!
Be interesting to see what the final end is. Still it's hard to believe how a company can put out press releases and not be held accountable because of "foward looking statement" clause.
If you stage it in the right way........ sure it could of been fraud, but TRY PROVING it in a court of law.
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"50 and lower"....I was thinking the same. Will probably be there around tax selling time. I don't think they'll get anything from Chrysler, do you???
I'm reading them. Sorry I got you mixed up with another poster.
Personally (wouldn't argue about it) I don't think this car will make here after the novelty wears off. There're just too small.
All I'm saying is don't pay more than around a 1.00 for this, when you see them start to become breakeven then there stock should be worth more. There not even close to becoming profitable, and I beleive they don't even mention it it their PR, Good luck.
The stock value of a company is determined by EPS, not how cute the cars are. That's why the price has been tanking, they're losing money, and a lot.
I would disagree with you that it doesn't make any diffence. It's make all the the difference in the world.
Someone was recommending this to me at 1.50. I just called to their attention that they only have 2 to 3 million in sales which is a tiny small company and that their losing a lot of money. It's not worth anything over a 1.00. Their not even close to becoming profitable. http://finance.yahoo.com/q/is?s=ZP&annual. Buy under .50 for speculative accounts only. One of the worst income statement I've ever saw.
"Net loss for the quarter ended March 31, 2006 was $2.8 million as compared to a net loss of $1.6 million for the period ended March 31, 2005."
Operating Income or Loss (25,506)2005 (18,256)2004 (4,721)2003
This car looks like a big toy. Where do you put your groceries??
Company is losing money hand over fist: link is far below http://www.nasdaq.com/aspx/RevenueEPSSummary.aspx?mode=&kind=&timeframe=&intraday=&c....
I'll guess that IF there was a merger, you wouldn't get more than .25 to .50 a share. And that's a big IF.
Isn't that the same old thing where it would have to be voted on???
Nothing wrong with hoping, miracles do happen once in a while.
Look what happen to this penny stock. At one point in this year it was up 20000% http://finance.yahoo.com/q/bc?s=PTSC.OB&t=1y
Well, I hope (watch that word hope when dealing with stocks!) for the sake of you people still holding the stock, some kind of small miracle happens and they merge and us "bashers" are all wrong.
At the same time I don't want to see any other small time "investor" get suckered into this stock based on PR that aren't being honored.
Probably take the SEC a long time to get to them because they're probably backed up. If you read on www.stockpatrol.com, pink and OTCBB scams are common.
Thing I wonder is how many didn't get caught because they covered their tracks better. they use the little investor as their own ATM machine.
"I have always promised to do whatever possible to enhance shareholder value of our Company's stock,"
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpz%5C2006%5C03%5C28...
I have a hard time believing that statement:
http://www.pinksheets.com/quote/chart.jsp?symbol=MTDX&duration=2-6-9-0-0-524
I think it was staged so they could sell their stock.
Who would pay 70M for a company with 3M in revenues (supposed 3M, unaudited).
If you spend time on www.stockpatrol.com, you'll find out that pink sheet scams are common.
This is the only thing I've every found for Formula: (link is way at the bottom) http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=L10814722&ty....
I can see why the securities attorney said "I get a dozen a day" when referring to pink sheet scams. Some of them (plus OTCBB) are here: 44 pages http://www.stockpatrol.com/archive.php?id=1
They got this guy: http://www.stockpatrol.com/article/key/michaelssentenced
Another interesting article about pink sheet companies:
"That means investors generally have not had access to independent, meaningful information about most Pink Sheet companies and have been forced to rely on press release and promotions that, all too often, are misleading or inadequate."
http://www.stockpatrol.com/article/key/otcqxunveiled
You're probably right. Just seems like they may getting away with something (false information) but nobody can really do anything about it.
You don't have to be too smart to realize that the the forward looking statement makes it easy for a company (especially a non reporting one) to do questionable and even unlawful practices that can be impossible to prove.
Thing that's really interesting to me is how much a company can use the "forward looking statement" to their advantage.
Why do i keep posting here if I don't own any stock? I want to see how this thing ends and if anybody ends up in jail. Also, it's interesting to me how much a company can get away with, simply by inserting a forward looking statement.
I hope they can merge and you guys/gals can get some of you money back but if history is any indicator, it won't be much, if any.
This "loser" knew when to cut his losses like all investors/traders will have to do, at times.
If you look at the total history of this company from the stock price it's well down into the 90 percent. Even IF it merged (which I doubt) at a 1.00, That would be crumbs left over for any long term holder.
At this point almost noboby beleives the PR, that's why it sets at at close to all time lows.
There're are a lot of ignorant pink sheet traders out there. That why the securities lawyer said "I get a dozen a every day"
And I do have a very happy life (thanks to God).
http://www.usatoday.com/money/markets/us/2005-11-10-pink-sheet-cover-usat_x.htm
"Regulators shake their heads at the lengths some go to snare victims. "Some of these bad guys rig the Internet. You can rig the Internet to lure investors into a false sense of security," says Cameron Funkhouser, NASD's senior vice president of market regulation. For instance, some create a fake message board where it appears dozens of investors are gushing about a company's hot prospects."
http://www.usatoday.com/money/markets/us/2005-11-10-pink-sheet-cover-usat_x.htm
Were just bringing out historical facts, other here are just hopeful cheerleaders.
Anybody considering buying stock here, study long and hard the history and look how far the stock has fallen, reverse split ect, how the PR cannot be trusted.
Zig said in one of his recent PR something about that he works for the shareholder and then did a massive RS about a year ago.
Thanks.
Anybody know: do they sell the stock, say like today in the open market. Or maybe they get some big investors to sell big blocks to.
Sure looks like there selling some in the open market today!!
Based on past history, what would lead anybody to beleive that the information that this company puts out can be trusted???
Why do you think the stock is hovering near all time lows (.05 is low and bid price .10 is only a few ticks away)????
Well, I guess they could come out with some stock moving news but it doesn't look likely.
I know, stop bashing and be positive and blind.
That answers it. Thanks. I ask you because you've been following Zig much longer than me.
Hey Zigfraud - Is there more insider information "leaking". Or is it just the people in close contact with the company getting this infomation?
Ok you pink players. If I was going to gamble on a pink, it would be this one, DPBM.PK. I learned of this one on CNBC, read the news releases if interested. The boat is out looking for the treasure of sunken ships.
I'll stick with HOM, CDE, TGB.
That's the reason why I keep reading this board. I'm amazed what this company can release in a public press release and then what comes to pass in the future. Be interesting what finally happens to it in the end.
Thanks for bringing out what was done in the past history of MTDX.
You bring out a lot of facts and if somebody doesn't believe it, all they have to do is study the past PR from MTDX. It gives a clear picture of the way this company has been operating in their news releases.
Wow, 0.048 cents
Two of the stocks I got from my IBD subscription that I have a large position in are HOM and TGB. So far, I have massive gains in these.
If anybody ever tries the IBD picks. I would suggest that you buy on weakness with no bad news.
To the board. I'm posting this to help. Doesn't have to do with MTDX but could help a lot in making money in stocks. I found a lot of winners in Investor Business Daily top stocks under 10.00. Of course it's better to invest or trade in the higher priced stocks if you have that kind of money.
Does this mean all I have to do is buy IBD top stocks under 10.00 and retire. No way. They have their share of losers, like anybody. But a lot of winners.
I have no relationship to IBD and subscribe to their service. Just check it out if interested. They have a 14 day free trial. IBD is one of the most respected financial services on stocks. They won't consider pink or OTCBB stocks. Most of my winner were found here and is the only service I pay for. (15.00 a month)
http://www.investors.com/member/trunder10/