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I find all of the back and forth to be extremely amusing. Bottom line is no one seems to have a complete picture...
Money is in short supply so if they don't get additional funding or close one of these deals...
Good luck to all!
You asked a question and he gave a reply. If you have a new product with potential, why would you immediately sell your company to the first buyer? Let it run and then entertain offers. This isn't an internet company that they are trying to flip.
Traders can manipulate the closing price of a stock by executing a small trade at the close of the market.
An actual facility that produces product is a great step towards turning the dirt into revenue. Lets watch it and see if they can follow through!
When you don't hear news, there is a tendency to assume the worst. You are always very positive on the company despite their lack of execution. It is one thing to have a good idea, but quite another to turn the idea into a money making venture. The India deal and the lack of communication around it lead investors to believe it is just another unfulfilled promise. It looks very bleak right now.
Nothing to say until news. The stock continues to drift lower.
Good point. I guess the $600k he has sold in the last year is probably to get back whatever he personally invested in the business.
Hey,what's wrong with a Kia??? LOL
I appreciate your opinion and he definitely needs to diversify. BUT....seems he could also make a ton...I guess with that many shares...he will make his money and then some if the LOC comes through
Wow, whatever happened to sharing ideas? If you dont' agree, say so and give some solid reasoning. I wonder why a guy who has sold 600k plus stock in the last year suddenly needs to sell 500,000 shares with potential LOC. Wouldn't you want to hold to see if that 11k could become 50k?
What are your thoughts?
As long as he doesn't know something...His selling to me says he doesn't have much confidence in the company.
Thanks for your reply. I can appreciate a well constructed post. With the selling in the last year, he either needs cash, wants to diversify, or believes the company is poorly situated. I am only posting facts and trying to draw conclusions (didn't say they were good ones). I see potential but this is still a pinkie and you can throw out many of the rules that apply to stocks on the major exchanges.
Makes you wonder what he is up to. He has sold 650k worth of stock since April of last year. Does he know something the rest of us don't? Seems to me he should be waiting until we see a substantial run up and then sell.
I appreciate the positive comments! I wasn't trying to be negative, just cautious. It is soooo easy for pinkies to hide stuff that it can be difficult and hard on us retail folks. It sounds like they are building momentum, they need to get some actual cash for all this stuff. Once the money comes then this thing will trade up.
It hit .04 yesterday and since then it has been selling. People are locking in profits as last time in jumped to .03 it slowly drifte back to .01. Can't say I blame them. You never know with this stock.
No volume today and I was able to by a little at the bid. Cautiously looking to accummulate..
They are consistent with their filings and the tendency is to file versus PR. Good potential but what is the downside? None of the deal come to fruition and the stock gets back to <.01.
Hard to say at this point.
Are we just having a pullback then? It seems that the stock would have moved move given the potential. Thinking about buying some at this price.
Pinkies often do not file with the SEC. Our pinkie is trying to be legit by filing as on OB or NYSE/NAS stock. Also, they only have to file a material event. The first release sounds like an event waiting to happen and the second one sounds like an actual contractual agreement.
I want to see this stock take off too, but it IS a pinkie.
JMO
Many times pinkies will release news just to get the stock to move. In this case though, they are submitting SEC filings rather than press releases. The pinkie world is dangerous for us retail investors. Today's action is interesting because a big buy took it up and a big sell took it down. MM's are having a field day with this one.
Could selling be additional insiders? Pnkies are like that. If insiders have lots of shares, then they might share some to get some money (as they don't get paid).
Just a thought for discussion.
And what your speculation be? Hmmmmmmmmmmm?
I think we will see a run up but not quite sure how high. It needs to get more exposure and if we aren't among the percent gainers today, then it may be a slower climb.
Great news and hardly any posts? What gives? That person who posted last night definitely has some insight.
Anyone have thoughts on this?
I guess it says potential is still there, but the pace is slow.
Then again, the MM's could be running it up to dump shares. If they are, I doubt they are done. They ususally aren't selling until there is a buying frenzy.
Did the same thing last January - April, and then they announced the water thing...lots of buying pressure the last 3-4 days.
Skeena, please e-mail ...
blueoystercultfan@yahoo.com
Financials out at pinksheets.com.
They are profitable through the first 3 quarters of the year.
Well, not exactly what I was hoping for, but it is better than nothing. If they have good guests it could be worth while. It also will serve as an hour long commerical and testimonial about MTDX, more of an infomercial than a talk show!
In last PR, ZZ said they were amending their business plan and sending a proposal to JM. JM has until 10/14 to decide. Don't know why a deadline, but ZZ mentions looking at other interested parties. I do believe that part of the original JM/ZZ agreement ZZ was prohibited from dealing with other potential suitors. ZZ is now saying shit or get off the pot to JM.
MTDX is looking for an infusion of cash so they can expand operations. I believe something is up. Potential new buyer?
JMO
All you do is see the glass as half empty, which you are welcome to do, but I don't post here every day pumping the stock.
The confusing part about this whole deal is the FS. If they would have been bought out, there would have been 36M shares. No buyout but then they FS to bring shares to 36M anyway. Unless you believe these people are truely morons, there has to be some reasoning for the FS. Do you really think they are so stupid to think that increasing our shares means an increase in value? You have some veterans in the company besides ZZ. Unless the CFO is a crook, I would guess something is up that has not been communicated to us.
Despite my griping, I still do appreciate your posts. It is important to listen to both sides of the story.
Most pink sheet companies have 100's of millions of shares. IMO, they are positioned to make the next step to fully reporting. I also said in an earlier post that there would be one more attempt to get something done between MTDX and Formula 51-2. I fail to see how a market cap of $12M is out of line for this company.
Interesting news indeed. I guess and we will have to wait and see the terms of the proposed deal. JM seems motivated to invest in MTDX. Let's hope he pulls the trigger on a deal that is good for us all!!
What's your take these days? My guess is that they are positioned for either a sale or getting of the pink sheets. Sure would like to hear some progress on the MLB front. Lots of posters asking questions on the Agora site.
Skeena, are you out there? Any thoughts?
Skeena, your take?
Positive step in the right direction. They are getting their business in order and we now have another forum for information.
Have you heard anything about the buyout? I am still curious about the statement that " the reason for the split will be apparent in time".
Thanks for your DD!!!
Please post! You have been a wonderful source of information so far. Don't be deterred by the sentiment of a few.
If you have talked to them, did you get any other information?
They stated they would give an update last week. Anything you share is appreciated!!!
Analysis - where is the money gonna come from?
ZZ talks about acquisitions in the future and they will require cash to complete. Where will they get the money? They have 3 options?
1) Issue more stock - won't happen because of RS and FS. Company would look ridiculous if it did that, IMO.
2) Cash on hand - Since it is a pink sheet, we have no idea how much money they have in the bank. I suppose a couple million would allow of limited expansion.
3) Buyout! - Original buyout had cash built into the deal for growth. IMO, this is still the most likely scenario.
I would welcome other opinions.
Lot's of volume today compared to last couple of weeks. Why hire a PR firm if you have more bad news to release? If they are hiring a PR firm, IMO means they are getting serious about running their business.