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Re: classaction post# 52

Tuesday, 06/24/2014 10:33:08 AM

Tuesday, June 24, 2014 10:33:08 AM

Post# of 103
Thank you for the kind comment.

Yes I know the link you profided as I am a member of Seeking Alpha.

Why the lack of price movement that appears to have stalled this issue.

One problem we have is that this issue really hasn't been touted all that much or at least here in the states where volume on the OTCBB is non-existent. Now when I notice on the Canadian exchange the volume is very low with average around 100K give or take. That kind of volume just doesn't allow for much price appreciation.

The company has 128m outstanding shares and my guess, most of these shares are tightly held, but the real problem is lack of volume. This lack of volume is the real issue and when here in the states, when a company's majority trading days have no volume, one can't expect a significant appreciation in the share price.

The other problem and probably the main issue on why there is no volume is because this issue is still basically unknown. We need a consistent volume of over 1m traded during a session and until this happens we will flounder on the bottom.

The other problem I see and it really isn't a problem, but rather the course of business based on timetables. The company is still in research and development and until we get closer to actual operational stage, is when we will see the eventual interest and ultimately the price appreciation and the true fair value where we should be traded.

When one studies the timeline of the company you will notice the mosaic and course of their development track. This track is being very much developed methodically and with deliberate and a direct course of action. The latest, being the hire of the Corporate Development Director, Mr. Romary..

See, you don't bring in a Corporate Development Director until you are well into the final last stretch of R&D. From a shareholders position, Mr. Romary is the most important person and the one that is going to put MHREF on the Wallstreet map. It is his job to bring MHREF and the money managers together.

When actual production begins or just about, we will then see the interest that we all have long awaited on. This is about to happen and for now, continue to add to your position because the reward far outweighs the risk. The company is well beyond the stage of R&D and is now in the hands of Mr. Romary to get the interest of Wallstreet.

Have a good day
varok

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