Sunday, October 11, 2009 11:46:03 AM
They never have enough cash to operate their plan. They are rushing around as if they were SpongeTech.
They are posting positive earnings with $12 million AR.
You have to question if their revenue is real.
This is a web site, not a steel plant.
They sold 50 million shares to an investor for $3 million in cash (.06/sh). Great deal for the investor. He just doubled his money this past week.
They plan to do a reverse split 100 to 1 and then authorize shares to 150 Million post split. Is that 15 billion or 1.5 billion shares in today's figures. I'm confused!
MYST closed at .115 on Friday. SPNGE was frozen at .06
(but will resume trading next Friday at noon.)
Is the low price cheap, or too good to be true!
I can't decide which one is a better way to throw away lunch money!
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