I don't believe it has yet. Bottom line is that since we know the company is diluting, and as many have pointed out that it is "good dilution" meant to drive revenue, then we should be due for some nice contract announcements in the upcoming weeks and months. The problem is if their dilution doesn't equate into revenue, then this becomes a major problem. That said, the company seems to be taking a calculated risk -- at least from our perspective. They are diluting in order to generate revenue. What we all don't see is what is pending behind the scenes.
It really comes down to do you trust this management team or not. Many here, including myself, have been burned by penny stocks diluting into oblivion with tons of empty promises. MCLN is a compelling company, but we all should be skeptical until the circumstances prove their claims. In my opinion, that's why MCLN won't have a major run until all this speculation is borne out by contract announcements. Too many people are rightly skeptical -- as well as we all should be.
I'm in it to win it though. These day to day swings are not changing my opinion. I've done my DD and can live with the results. I will stay long until circumstances prove otherwise. Nothing much to be concerned about here.
