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Thursday, March 19, 2015 2:15:47 PM
Knowing how bad the results are it's a choice of where the PPS will land which should be considerably lower. Once that PPS is established and stabilizes we might see some more action. But no one is going to bother buying knowing bad financials are coming and the fact they are so late.
I'm sure there are quite a few folks that believe we may have seen the last of any reporting from MRIB and/or the company has already gone dark. My thought is that is if MRIB doesn't release anything in the next 10 days, by end of quarter, it will pretty much confirm that MRIB has posted their last results and we won't see anything and most likely they are shut down. Investors will certainly not put up with a company with no numbers or news for that long, let alone investing anything in a buy at a valuation they know is going down and two unreported bad quarters already on the books.
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