TO; Madison411 .. .. .. .. .. ..
Ken Lamb created 53 million new shares. 3 million of which he sold on the market, diluted the float shares by nearly 9 to the previous 1. Then the other 50 million Restricted shares were probably used to trade for properties. They will become unrestricted in a little less than a year. That means that right NOW all MGMX shares are worth 1/151 of the present company, and considering Ken's track record, the properties that he traded created-stock to purchase, will most probably never come to fruition. The 3 to 5 Million dollars he made selling 3 million shares goes into the company coffers to keep Ken in the style of life that he has become accustomed to while burning up MGMX's financial assets. Now it's BWNR stockholders that must support him.
This company will never support enough PPS to have OPTIONS. I, similar to yourself, bought the stock (MGMX) at .0003 and .0002. I profited by 50% when I sold out BWNR at or above $2.00. I don't have to short this stock. I do not want IN. The only way you can short a stock these days, is if you have access to borrow shares to cover you, if the price goes up after you sold. If a person sold shares that they owned at $2.00 and bought back in at 2 cents, that would be shorting bit NOT naked shorting,...JUST GOOD BUSINESS. I owned 51 million shares of MGMX (10,200 shares of BWNR), I do NOT have to feel guilty for selling it at $2, fact is everyone in my position would feel pretty good after such a sale.
I'll tell you this, YOU wait for 11 cents and buy up all you can, and you just might be in the same position that the old MGMX stockholders were in, WATCHING A DIME SHRINK TO 1/100 OF A CENT!!! But who am I anyway,...you already know EVERYTHING. IMHO, Sam.
