I think you don't understand the dynamics of this shell.
I have a client who was interested in this shell, going
back to last November. But, the dynamics of it didn't
make sense.
Example :
Kip wants $ 175,000 for his 55 % ownership position.
That's approximately 14.8 million shares.
That still leaves 45 % of the stock in the hands of the
public. This means that in any merger, the merging
company gives away 45 % of their company, or has to increase
the shares O/S dramatically.
Let's say that we try to buy up enough shares to reduce
the new issuance of shares.
Of the 12.2 million shares left, about 4 million are in
hands of "mystery" people, and it wouldn't surprise us to
find out that it is Kip-related. You won't get these shares
but at much higher prices. So, in effect, 15 % of the shares
are VERY expensive to get.
This leaves us with 8 million in the public hands.
As has been experienced, even to try and buy 1 Million
shares, the price has balloned to $ .10.
If effect, to buy METP, you would need to expend $ 1 Million
to buy up the public, another $ 1 Million to get rid of
Kip-related shares, and $ 175,000 to buy the control shares.
Let's say that I am way off on the public and Kip-related
shares, and it is only 1/4 of my estimate.
That still leaves a total cost of about $ 700,000 to buy
what is essentially a Pink Sheet company with no assets.
I can buy a clean pink-sheet company, and 95 % control, for
$ 200,000. Go look at www.mergernetwork.com
It does no good to buy Kip's controlling shares, only to
have to buy-out the remaining shares on the open market
as the price rises. SOMEONE has to buy all those shares
for the stock to go up. It doesn't just happen as if magic.
It would be a collosal waste of money to buy METP.
THAT IS WHY THIS STOCK will not go anywhere. It is over-
priced for the niche market that it belongs to.
Just try and buy 8 million shares this week at $ .007.
