Sellers needed and a TWO year anniversary .....
where have all the MMPI sellers gone?? .... as i am trying to add MMPI shares without having to hit the offer .... i may need to adjust and either raise my bid or simply take shares at the offer .... anyways ...
A TWO year anniversary with MMPI is approaching ...
Although i started following MMPI in the fall of 2006 pre IPO my first purchase was for 2,000 MMPI shares ...
July 2, 2008 at $1.80 per share ... YIKES!
soon thereafter Andrew Murray, the CFO, purchased approx 75,000 shares around $1.95 and that reinforced my opinion that $1.82 would turn out to be a good number ... besides I personally spoke to Murray and he said at that time a FIRE sale of all properties would bring $250 million net to shareholders .... $2.84 per share
since then I have purchased MMPI shares all the way down @ $1.50, 70 cents, 40 cents etc etc etc .... my largest number of shares purchased were at 3.3 cents ... lowering my average cost to approximately 9 cents ...
well TWO years later and MMPI is now at 25 cents .... what a long strange trip this has been .... as i now find myself looking to add MMPI shares and average UP ...... which i really do not like doing ...... but my instincts say .... this is a minimum 4 bagger from this level .....
well then .... just need a few sellers to get in gear and hit my bids .....
and regardless of whether i am able to add more shares .... imo, MMPI needs to exit BK and get on with the business of realizing its book value of $1.77 per MMPI share ...
good luck to all ...
