I agree with both your posts. Trust in the CEO is strained - at best. The way the stock was diluted last year was epic. Though early last year Kurt said he would not consider a R/S because of the damage it would do to the Company's value [or something like that]; the dilution was at such a such a scale (especially throughout summer and early fall), that I deduced (along with others) that a R/S had become MMEG's only option. Very irresponsible debt and share management. I was hoping a share buyback & retirement of shares would avoid that ... but a company needs cash, manageable liabilities, and solid revs for that. I don't know what I was thinking when thinking that?
The R/S occurred and I (we) got clobbered, especially at these levels ... remember, .25 = .0001.
But, the SS now is very good and tantalizing. Any substantial & real news can slingshot things North.
But, imo, it will take more than 8-ks, new acquisitions, and PRs. Too many here got burned, new & old investors alike. Simple DD and looking at the charts would support that. It's going to take good 10qs and the upcoming 10-k Annual Report would be a good start. Real revs/profits in the "quarterlies," coupled with good effort in managing debt could be the propellant for a drive North. Again, just my opinion.
Hoping for a breakeven price of $1 ... it used to be .0004.
AI
