Monday, August 09, 2010 2:27:19 PM
The cotton boom absorbs slightly less than MOP and it's cheaper MOP; maybe that's why MOP lowered the price.
They should look for a vender that will make their oil extractor machines for less money as well, instead of a price tag for tens of thousands dollers for sale or rent in the MOP catolog.
If everyone is forgetting about the oil spills, these oil companies may not give a damn about whether it's made of vegetable fiber or cotton. If they used dispersant out there, then who cares if they use the reusable cotton absorbent and just throw it into a landfill when their done with it and not have to deal with renting a MOP machine for one time use with MOP.
We need transparency from this company and we still don't know what the float is. We have been in the dark too long and dumping shares is probably going to continue until they come clean with MOP.
Until they announce that new contracts have been signed, I wouldn't bank on anything here. I averaged down nine times and this thing still down to .04 this week and I'm out of money. I might just cut my losses now while I still can if it doesn't climb soon.
Most pennies that I have seen that drop like this never seem to break out again or end up go into sub-penny level by shorters and day traders. The next step is to merge or restructured shares with a reverse split to save the company.
It will be interesting to hear what the company has to say in the next PR, if that even happens. They might have been keeping quiet because there may just not be anything new to report.
LOL
All IMO
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