You're right, now is the time to get out.
From 2008 Annual report(3/9/09):
The following table sets forth certain information regarding sales of securities during the past two years up to the date of this filing, issued under Securities Act Rule 504:
Date of Offering Investor Price (per share) # of Shares
June 26, 2007 Regus Invest. Group,LLC $0.070 500,000
June 26, 2007 Bellatalia, LP $0.070 500,000
June 26, 2007 Wynn Industries, LLC $0.070 1,000,000
July 16, 2007 Regus Invest. Group, LLC $0.070 1,000,000
July 16, 2007 Bellatalia, LP $0.070 1,000,000
July 31, 2007 Regus Invest. Group,LLC $0.070 1,000,000
July 31, 2007 Wynn Industries, LLC $0.070 1,000,000
July 31, 2007 Bellatalia, LP $0.070 1,000,000
Sept. 10, 2007 Barclay Lyons, LLC $0.350 300,000
Sept. 10, 2007 Perlinda Enterprises, LLC $0.350 300,000
October 10, 2007 Barclay Lyons, LLC $0.300 150,000
October 10, 2007 Perlinda Enterprises, LLC $0.300 150,000
October 18, 2007 Mazuma Holding Corp. $0.150 266,667
December 19, 2007 Bellatalia, LP $0.070 1,000,000
December 19, 2007 Regus Invest. Group,LLC $0.070 1,000,000
January 7, 2008 Bellatalia, LP $0.070 928,571
January 7, 2008 Thomas Wade Invest.,LLC $0.070 928,571
June 14, 2008 TJ Management $0.050 296,875
June 26, 2008 TJ Management $0.066 378,787
July 10, 2008 TJ Management $0.041 606,060
July 21, 2008 TJ Management $0.029 862,068
July 25, 2008 TJ Management $0.026 961,538
August 8, 2008 TJ Management $0.021 1,200,000
August 26, 2008 TJ Management $0.025 1,000,000
September 19,2008 TJ Management $0.180 1,388,888
October 22, 2008 TJ Management $0.0090 2,777,777
December 10, 2008 TJ Management $0.0050 5,000,000
January 5, 2009 TJ Management $0.0025 10,000,000
January 23, 2009 TJ Management $0.0020 12,500,000
February 5, 2009 TJ Management $0.0010 25,000,000
From June 26,2007 until Feb.5,2009, MVBY sold shares for
$1,640,000.
7 million shares were sold for .07 when the market price was
between .61 and $1.48. Sounds like they gave the store away.
At today price the new billion shares will only raise $700,000. OF course with all that dilution the share price will drop to what???
