Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The thing I want to know: can a shareholder get a quarterly or yearly balance sheet or some type of income statement as to where the money is going? I have 100 shares as of May 3 2005 and have never received nothing from the company except to vote on the buyout.
I didn't know about the "fiduciary (trust) duty to minority shareholders" and that's the reason I spend time at message boards as to learn of such things. Fiduciary - they should, but legally they don't have to?
Probably if something was not done legally here, you probably couldn't prove it or it wouldn't be worth the time and money spent.
Did the the shareholders ever get a chance to vote on the forward split? I'm going to try to check, probably because of being a pink, they don't have to have a vote, but I don't know here.
It seem like they do whatever they want.
It looks like being a pink has a great deal of added risk and uncertainty that I nevered realized. I curious as to what they legally have to disclose to a shareholder. I'm going to check with the SEC when I get a chance. I still own a 100 share because I want to see what happens in the end with this company.
"Clearly, these r/s and f/s aren't doing anything for the price. The proper way for insiders to handle this would have been to buy out the public if they felt the deal was "too low." LOL"
That's a great point. And it shows that the management doesn't really care about the shareholders.
That's what the company gave to the "old sharesholders", a worthless stock split on top of a sinking stock price.
Maybe tomorrow it will be in the .20 to .30 range.
That's probably why they want to keep the company on the pink sheets. Any straight forward company I've every heard of; the first thing they do is get off the pink sheets. It's easier to keep their tracks covered, like in a shareholder's lawsuit.
The forward split was a laughable bad joke.
Bottom line - your money is gone. I'll bet all those great things that are suppost to happen, will one way or another, not happen, - just watch
There're definitely potential that they have a fair chance to make it big. But most of the short term traders won't have the patiences to hold for more than a couple weeks.
Thay have a bad past as far as stock price, but if they get a big contract new buying will come in and the past will be forgotton about.
That was pretty good news today, hopefully they can build on it. For a pink sheet stock and the news today it's STARTING to look good, because nobody seems to have anything similar to what Motion Dna has.
As in almost all the penny stocks (but not all), the short term traders made money and most, if not all of the long term holders are stuck holding the bag.
Between 3.00 and 5.00 dollars, based on future pontenial.
Somebody is buying a lot at the bid price at around .65 today.
I'm curious who would of purchased millions and millions of shares of a non reporting pink sheet company. I guess some people or companies have tons of money to gamble with, maybe sort of like hoping to get that winning lottery ticket. Guess it shows how much money is floating around out there. Look at all the people who buy lottery tickets and lose. Some spend big money doing this.
I'm curious as to what will happen to this company in the end. I guess there're hope as long as there're a chance of them getting a big pro sport team contract.
The chart at Pinksheets.com tells a lot of how the management has handled the shareholders capital: http://www.pinksheets.com/quote/chart.jsp?symbol=MTDX&duration=2-6-9-0-0-512
Honestly - it will take some pretty big contracts to try to recover all the money they have lost. I wonder who would trust them with more money without some earth shattering news.
Of course, that's history and people are looking forward to what may happen.
Got in at 2.60 in AVN so I'm positive. I feel that below 2.75 it was a good risk.
Just the spectulation of something like that happening could get the stock back to 1.50 - 2.00. See what happens this week.
Probably most of the short term traders and such have exited the stock and with still a possibility of the buyout going thur and the chanch of a big pro team contract. Plus it appears MTDX is getting a little more known.
Personally, I don't think it was a scam. I felt like it was scam ONLY BECAUSE I was down so much. I studied just about every trade since April and never saw any super big blocks pass. They wern't doing any heavy promotion like a lot of junk I get in the mail like DRGO, SVSE, FDEI ect.
They do stuff kinda of loose and not planned out very well but what do expect from a unlisted non reporting company? The website their starting to run looks pretty good.
Well at least there're hope - they could get a contract with a pro sport team. It wouldn't take very much buying to get it to 3.00 dollars. Somebody thinks it worth more than 3.125.
I think threr're a lot of people that play RS with news. I remember RCO (now rcocq.pk) did this within the last year, it was up something like 350% on the day the RS stock started trading. I made money on that one.
I know, to me I want to see how this finally plays out.
I never heard of a stock that trading at around .50 cents reject a 3.125 buyout and then down back to around .50. Then a forward split just after two RS.
Besides all the somewhat negative aspects of the company (very small, poor two year stock price ect.) They do APPEAR to have a unique product that could be used for tens of millions in contracts with professional sport teams. And it APPEARS that the the majority shareholders see something here worth at least around 4.00 a share. So there is some basis for hope. I mean to go from under a million to 7 or 8 million is doing something. But I could see how people that purchased over a dollar could get discourged.
It seems like a company is starting to form from basically nothing (under a million in sales a year and a half ago). One or two big contracts and they could be on their way. They did issue a lot of stock to get these sales but it appears to be working. They need another year or two years to see what happens. This is looking at the situation half full instead of half empty. This is just my own opinion base on all the info I can find.
In my opinion if this company doesn't want to give SEC info, there're not ready to be considered for an investment. That's the way I intrepret the pinksheet.com disclaimer. It's hard enought trying to make money WHEN you have timely information in securities.
I'm going with AVN and LBIX and maybe CNU.
No - I really hope things work out - really. I'm used to listed small caps. This stuff is just too speculative for me.
I do think they could make it but I'd like to watch from the sidelines on this one.
I'm not laughting at anybody, I only had a few thousands shares. I just hope some of the people with much larger positions get some of their money back.
I very interested to see how this thing works out in the end.
I wouldn't buy any stock in this company again because in my opinion they're just many, many other opportunities there with better situations then this. It's too small and I have to admit I didn't realize a company could exist with so little disclosure.
It's unbelievable that they would put out a news release that says it rewards long term shareholders who are already down somewheres around 10 to 90 percent with a worthless forward split. About the only one that will benefit is the transfer agent performing the split. Maybe they think they cannot add and divide.
It looks like there're only one or two bulls left on the board.
When all is said and done, you be very lucky if you ever see all of your money again on this one.
Seems like a total waste of time to do this. More smoke and mirrors. I'll bet the paperwork to do this isn't cheap. Oh well, just issue some more stock to pay the bill.
Stock up .02 today, down 10 - 95 percent depending on where you purchased in the last two years.
That's a great point, not because it's negative, but it gives a person a good idea of what you're dealing with here.
I was just curious what "28 days or we drop de bombs" meant, but not that it's important.
You're going to give them 26 days and then sell?
- just curious
Sorry, it looks like that's what happening.
I have trouble understanding some of you post.
It looks like a lot of people are selling as most of the traders were here for the buyout.
If you look at the history of the stock the last two years it looks like they never really cared too much about it. If you guys all sell and drive the price down they'll probably just use it as a opportunity to RS the stock again.
From what I can see the retail have about 10% of the actively traded stock. So say for sake of arguement about 1,000,000 of the float is actively traded, but probably much less. It looks like the the management or 3 or 4 shareholders control the company. The retail like you are something they have to legally put up with.
I mean considering all the stocks out there this is just a fly speck on a grain of sand and they would have a hard time getting noticed even if they starting SEC filing. I don't mean to sound so negative but this should be a learning lession as to trading pink sheet stocks in particular.
There're almost like a private company because of the fact that they don't have to file.
Hopefully for you this isn't some well planned scheme and somehow the controlling shareholders can come to some agreement with Formula because if they don't I think it will be a long time before this stock ever sees a dollar again.
I think the way they RS split twice is a LEGAL scam. When the price goes below about .30, that will be less than .01 factoring its pre April price. But I guess we sort of asked for it putting money in a pink sheet non filing "company"
I would like to be more positive and perhaps they can turn things around somehow. But when you look at the history of this company, they have done nothing but lose shareholder's money and only have 7 million in sales, a true microcap.
Dreaming - I don't thing it will every happen.
Tons of money have been lost in penny and pink sheet and OTCBB stocks like this.
Everyboby thinks this or that is going to happen and it turns out just like this one is plying out.
My guess is that Formula has only a few people maybe only one or two. And that it will be difficult to get Formula to approve anything higher than 4.00 because there're so small. And I would imagine the buyout if it ever did happen would be highly leverage.
It's really hard to tell what's going on because this company really doesn't file any financial.
Looks like it won't see a 1.00 for a while.
Well, that news should get rid of most of the short term tradres.
Sure hope you don't decide to sell all those shares.
Very sorry to say.
?What in the world is that suppost to mean?
I'm no expert, but from my study this company has just started to exit the developement stage, and starting to enter the marketing stage with a unique product.
I'm still trying to find out if there're another company in the same type business.
I think short term traders are good because they add liquity to the market.
I have heard that a lot of short term traders lose money in the market. They may make a lot on one trade only to lose it on another.
I think the less time you give a PROMISING security, the more element of gambling you're adding into the equation. Most people know that in gambling the odds are way againsts you and you might get lucky, but if you keep playing you'll lose.
Probably the reason they don't post a news release is BECAUSE THERE'RE NOTHING TO RELEASE. I'll bet they'll release as soon as they HAVE SOMETHING TO RELEASE.
I don't think there're going to post a news release to satisfy a bunch of short term penny traders who are just waiting (pouncing) for the price to rise so as to make a quick profit (maybe killing). They have a pretty good history of news releases if you look on their website.
Sure it's painful to watch the price go down. But I'm sure you must realize that's the risk of short term trading.