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Re: Lucky_Charm$ post# 10

Saturday, 05/08/2010 6:45:34 AM

Saturday, May 08, 2010 6:45:34 AM

Post# of 21
MTLK at $1.19 has now entered into ridiculously oversold territory considering the whole current market cap is now 1/6 of the proceeds that they received from the January $16.5 million WLAN sale and earn-out payments. Earnings are this week 5/14 I believe...pretty much little or no risk to the downside at these levels considering the stock is down 80% on the year and 55% of that downside is just in the past month. At these levels either BRCM or ATHR should just put in a $4 or $5 per share bid for MTLK's technology and be done with it. MTLK put themselves up for sale a few years ago at a MUCH higher price before they reverse split but then management decided to withdraw the offer. The current market cap of $3 million imo is now nothing more than a joke. Public float of 1.55 million with 2.57 million #OS.

In all rationality the stock should right now be trading at around $4.25 per share but why would the market ever be rational? Buyer from $1.25-$1.55 and scratching my head so far on this one but am definitely looking forward to earnings redemption and a huge pop in share price.