Truthfully, I don't know. Some years ago I invested with 2 pennies who were also diluting. After a couple of days, I pulled the plug and sold.
It was easy leaving those 2: they weren't current, though they always announced "paperwork was being processed," and acquisition rumors & partnerships were just that. Their dilution was to settle debt and the EOD t-trades were overwhelmingly mostly sells. If there were "buys," they were not noteworthy.
Here, they've always been current with they're filings (albeit sometimes late, not uncommon in the OTC), and their dilution was to acquire, which they did with Poolworks & Chimera. Now we have the Neurofuse & Blackfox deals coming up. Also, today's t-trade buys was considerable. I don't know what to make of it, and hope it is a good sign.
This dilution is considerable, and the only way I see MMEG working out is what we have been saying all along --- it's all going to hinge on revenues & profits.
This is a sub-penny OTC play, which means high risk, a gamble so to speak ... but, there is so much potential here. I just wish I hadn't spent so much in the .002s and teens and use that powder now. Coulda, woulda, shoulda and all that. If this does work, none of THAT second guessing is going matter --- they would have all been good purchase prices.
Fingers-crossed.
AI
