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jour_trader

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jour_trader

Re: Randolph Duke post# 18941

Thursday, 05/20/2010 6:38:59 PM

Thursday, May 20, 2010 6:38:59 PM

Post# of 35151
Please correct me if I'm wrong, but this is a private equity deal. The only impact this has is further dilution. If I understood the 8-K correctly, MCLN is selling $15M worth at 95% of an agreed upon market established price over the next 3 years.

With close to 600M in float I highly doubt the retail investing group has the clout to hold their shares and force the price to go up. There are always sellers with penny stocks whether or not we're among them.
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