Market 99 Ltd (fka MNTY)

[kuaizhi]

Chefdujour - could someone explain to me how a company like MNTY can use funds, generated through profit or dilution, to start another company that Does Not benefit shareholders of the parent company like MNTY? It has always been my impression that this type of thing is not allowed.

Another topic - just MHO.. We were told early on that management would not take compensation until 5 stores were up, running, and profitable (this is how I recall and understand it). I have a feeling that a good part of this dilution has been used simply to recoupe the intial investment made to open the first store and not to get the new stores opened. Further, and I think I mentioned this here before, I think management, and many of us, figured the earlier PRs and the CC would push the PPS up (ala ECFL) but the PPS hardly budged. I feel they planned on diluting all along at a much higher PPS so they wouldn't have to increase the A/S and dilute and these rediculously low PPS.

I knew we were in trouble the day one of our board members called the transfer agent and was told he couldn't give out any information. Anybody have any ideas what the A/S is now?

Just my 2 cents - thanks for letting me vent.