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Thursday, October 21, 2010 9:01:04 PM
I do hope the CUSIP gets the PPS moving appropriately. Its a mad house in the subpenny (even subdime) range.
With what this company has going on for it and the direction its taking, I see it having a very solid base that doesn't need to use the smoke and mirrors that many developmental stage company use to create interest and lock in capital to help its growth. This company has revenue streams and assets to secure financing. Why this isn't seen by others could be due to the volitility and the fact it is still a sub-penny.
The CUSIP change could propel the PPS so the company can be seen by more serious investors, but it does nothing to build confidence for those who have examined the company and MMMG with suspicion. A more secure way of building confidence and propelling the PPS, perhaps, to an appropriate position would be announcing and issuing a one time dividend ($1-2 Million total). It would attract investors and minimize the flippers, at least until the dividend is issured. The more shares you have the more dividend you recieve. Timed with completed developments the PPS can be stabalized to acceptable levels by using new longs to offset an inevitable sell off after the dividend date. That's a scheme I think might work to bring this above the cloud the PPS seems to be under. IMO
Best to all
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