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It's almost there.
I think you may be right, but I think it may take longer than many of the people on this board are willing to wait.
One thing is interesting, cannot seem to find any competitors to this company.
Because that probably wouldn't give them control of the company. They probably couldn't get 51% of the shares.
You could probably have this @3.12 by buying 700,000 shares.
There're probably about that much that's ACTIVELY traded. Just a guess.
About 38,000 share went @ 78 to .80. Probably a short term trader unloading for a big loss.
I would imagine more people unloading without some forth coming news.
I sure hope that works out for you.
The one thing that bothers me is that very few people take pink sheet stocks seriously, except for short term flipping. Especially ones like this that doesn't file financials.
But they have a market and a few of them do make it big.
Well, you know shareholders for a lot of companies are at the bottom of the food chain. Long term holders are down 50 and more percent. About the only thing you can do is take a massive (maybe lifetime) tax loss or just wait and give it a year, which is probably best.
Anybody know if the trades that are taking place inside the bid and ask; are they MM, retail or both. I see several big block trades the last couple of days inside the BxA at around .90
Not that it's that important - just curious
Well, If you read all of the post on this board, you may come to the conclusion that most of the people here are very short term traders. Short term trading entails a lot of risk.
The people that purchased only for the buyout going thru should of considered - What will I do if the buyout doesn't go thru? Surely there was a possibility that it may not of gone thru.
Assuming the new releases in the last four months are accurate, even if the buyout fails, there is a good to fair possibility that this company will turn into something worth over 2.00 a share. So there is some hope no matter what happens with the buyout.
Cannot seem to find a competitor to Motion's technology. Anybody know a public company that's in a similar business to Motion?
Sorry - no post here.
You people that call the company: Could you please ask them if they will release financials (when) and if they ever plan to get off the pink sheets.
I looked about a month ago and it was there.
Look here: http://www.theonlineinvestor.com/mergers.phtml
I think this is all of them.
This company tried a buyout to go private and it doesn't seem to be working: http://biz.yahoo.com/bw/050419/195980.html?.v=1
Thanks
I don't have that much and it only takes a few minutes to sell it. I always use limit orders so I don't get ripped off.
I would be careful because MM could read this board (for all I know) and take advange of it.
I really hope thing work out. But the two RS are going to be hard to overcome. Maybe if they come up with some kind of new deal, but it will have to be soon.
Most people that I talked to over the years considered OTCBB and pink sheet stocks highly manipulative.
You're right, I guess I'm getting ready to sell and mad at myself for getting involved in a pink sheet company. It's my own fault.
Normally I like to give a company at least a year but I just don't have very much confidence in the present management and see a lot of difficulty in a fair buyout price and doing something for the long time shareholders. I will probably sell soon and move on. Also, being a pink sheet company carries a stigma all it own in my (and others) opinion.
I got the feeling we've may of been had. They may not of done anything illegal but they don't have to for you to lose a lot of money. Good thing I only got a few thousands shares.
Positive cash flow news will probably do little to the stock with the history of the current CEO.
Their not issuing new stock are they? From what I understand their is still the same outstanding stock (no increase in the public float) The next time somebody calls them, please ask.
You long time penny stock traders. Have you ever seen a situation with another company like what is happening with Motion in this buyout situation. If so, how did it turn out in the end?
Pretty strong words here: "We are positive that we can reach an agreement that gives each individual an opportunity to be financially rewarded in the opportunities available through Motion DNA," said Zig Ziegler, President and Chief Executive Officer of Motion DNA.
http://www.knobias.com/individual/public/news.htm?eid=3.1.f2696b0614838ca7859f31b6d472c6732143c6c97c...
Please let us know if you ever get a response to your truthful letter.
Well I hope you're right cause I still have my shares. I figure I give it a year.
Looks like it's going back to it's RS price .30 - .40.
Plus the fact that the stock that's actively being traded only appears to be about 600,000 shares which is far from the majority of free trading shares.
It's probably worth holding on to see what the next offer will be.
I agree, also the dilution to the stock was so bad it will be very hard to overcome this.
The deal with Formula was good for them but bad except for a few short term shareholders. The whole thing was very poorly done. The damage here may be unreversable.
At least it doesn't look like it was a scam, just bad management. Not a scam but a lot of people still out a lot of money. I guess that's the history of this company.
With all the problems with shareholders, lack of info on insiders, balance sheet ect, looks like it's fairly valued @ 1.00.
"Lets go $1 lets go! Lets go $1 lets go! " Well, you got your dollar you were hoping for.
The other board has some "long time shareholders" with some recent posts, they don't seem too happy. http://ragingbull.lycos.com/mboard/boards.cgi?board=OTCF:MTDN
On the more positive side - it's hard to believe that whoever owns all those millions of shares woulldn't take 3.00 or 4.00 dollars a share (after some time passes) rather than watching the stock sink and sit under a dollar.
The least they could do now is to get off the pink sheets and get listed on the OTCBB, which I consider a small step up. I'll bet they won't even do this.
I wonder if we'll ever see a dollar again.
I think the vote today shows how far away the management is from the shareholders.
The only reason I got involved was because almost every buyout I've ever followed (listed and nasd) always went thru.
My opinion is that comparing a pink sheet company to a listed security is like comparing college to pre-school.
I mean most serious money won't even consider looking at a pink or otcbb because of the mortality rate they have.
I wouldn't give up but it sure doesn't look good. But hope is eternal.
Not only us, but many others in the last two years. Now I know what the meaning is when I read "pink sheet hell"
I'm not going to figure all that out but suffice to say, 45.00 to break even for some (probably a lot) of people: http://ragingbull.lycos.com/mboard/boards.cgi?board=MTDN&read=162
It's hard to believe someone would gamble that kind of of money. Maybe he has a million.
1 for 50 split and 1 for 10 split which means a lot of diluted bagholders, I mean shareholders.
It would probably would have to get to 31.25 to BEGIN to reverse the damage from the two reverse splits.
It looks like there're only about 500,000 shares that are actively traded in the float which I think make this stock easily manipulated.
It's probably because even at 3.125. a lot of people would still be down way over 50%.