InvestorsHub Logo
Followers 262
Posts 11502
Boards Moderated 0
Alias Born 08/01/2009

Re: Snakebit95 post# 35209

Tuesday, 06/10/2014 11:11:51 PM

Tuesday, June 10, 2014 11:11:51 PM

Post# of 54103
I spoke to investor relations today (forgot her name) and I asked if there was any discussion amongst themselves about how to stop the dilution. I told them it was wrong to use MDNT shareholders as a limitless ATM. I was told basically that was their only source of money as they have not found investors yet.

I told them the right thing to do after they get the Yellow proceeds is to pay back the shareholders buy buying back shares to make up for using us as an ATM machine. I was told they are discussing some of these things, buyback/reverse or whatever and are trying to find alternate ways to get money outside of further dilution.

Let's see where this goes.

Go MDNT!
Join InvestorsHub

Join the InvestorsHub Community

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.