Mobile Star Corporation (fka MBST)

[ssparsons]

Some good news to pass along about the 10 million restricted shares, per Eran Gronich.

Management is doing a good job, keeping the float low at only 14 million shares.

Mr. Gronich has informed me the shares were issued to an insider, and the Rule 144 will apply for six months. However, only 1% of the outstanding shares can be sold by the insider every three months.

That would equal a distribution of only 100,000 shares every quarter.

IMO, these guys are doing a great job and I believe they are looking out for our best interest with moves such as this.

For those of you that are still considering putting in a buy, better do it now before the next PR gets released. An announcement on the Apple Industries relationship should be forthcoming.

Once that hits, look for an escalation in the price of the stock. This low float and cheap price should bode well for shareholders that have a position today.

All, of course, IMO.
ssparsons