I will try to substantiate the rumours that I have heard from a very large shareholder. In the next few days, I will have another friend of mine who is a more experienced investor talk personally with the CFO of the company and see if there is any validity to what I heard, and a general picture of where the company is going. So far, on paper, this company is very weak. The financials suck to put it bluntly. However, there may have been some recent developments that came after the Nov. 20th filing which could be promising. I will try to get more information and inform the board of any developments that could be promising for all of us shareholders.
Since its tax write off season, many of my investments have gone into the red zone this last couple of weeks. MMTV had no irregular fluctuations. At these levels, it seems stable, like there is little risk, and the PPS can only go up, IMO. I accumulated more shares in anticipation of the rumours recently which brought my average to 10 cents a share.
Some of my shares where bought at above $1, and I have since then averaged down. I'm not worried. I just hope to one day see the PPS at above $1 once again. That would make my day, I mean YEAR.
GLTA!! May we all have a great New Year!