There is a phone number posted on several investment sites which one person on this board called (dig back a few posts to find out whom) but the number wasn't in service. I tried emailing a few times but no response. The Millenium website seems to have gone dark as well. If you Google names like Reswebber and Sartorio and the like, they are still listed as executives of the company (and they aren't shown as having moved on) but you find little else by way of news.
Now, personally, I'd be more upset if they'd quietly closed shop and moved on. The fact that Reswebber and Sartorio don't seem to have left the organization, is actually encouraging to me. Even the dark website is better than a visible but inactive one. One might even make the presumption that they're working on a new website in conjunction with re-entering the market as a newly reorganized entity. My basic optimistic nature usually gets me in trouble though.
The biggest problem I have with the proposed new entity is the 1500/1 backward split which is totally unnecessary to my way of thinking. At 1.3 billion shares out, a 10/1 reverse split would result in 130 million shares. A 100/1 reverse brings it to 13 million shares, a relatively small number for a small cap company. 1500/1 brings it down to 866.6k, kind of a ludicrous number.
Lets say they keep the number of shares where it is, announce some positive news and the share price rises to a not inconceivable .08 and it's trading happily in that range. No, it's not NASDAQ or NAS territory so they do the 1500/1 reverse split. Theoretically, the shares now trade at 1500 x .08 which equals $120. You think so? $120/share for MHCC. Who cares about the NASDAQ? Money is money and it will go up much more readily from a base of .0001, or .08 than $120. Let it play in that area for awhile before seeing what the market does to it and then adjust accordingly.
