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Re: jaimeb_inv post# 47225

Wednesday, 08/06/2014 10:09:53 AM

Wednesday, August 06, 2014 10:09:53 AM

Post# of 54103
Not screaming, just stating facts. Company released more shares to pay off existing financial obligations. In essence, going to capital markets in this manner is "dilution". Bottom line, I invested on statements from management (headed by Manu, Jake, etc.) My guess is future company filings will reveal no real assets as stated in previous filings earlier this year expect for Yellow. AR's will be wiped off the books. Doubt they will be able to monetize Yellow enough to pay for operations going forward--just a guess. Maybe they will have enough to make R.I.P., but it's a longshot and then they probably have to find new set of investors to fund operations--in essence, dilution.

And I will "scream" this again. Management has no business raising fresh capital unless they put their own money in the pot. The biggest disappointment over the last 3 months is that management doesn't have the decency to tell the financial markets that MDNT is a stock worth buying since they won't use their own assets to buy up shares on the open market. They have no problem giving themselves shares!!

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