Friday, January 14, 2011 7:26:13 PM
Over my many, many years of playing these pinky/penny stocks I've been involved in just about every kind of play out there. Take over's, or buyouts, reverse splits, forward splits, dividend plays, forward mergers, and reverse mergers, to name a few. Of all these various kinds of plays, the ones that require the most patience, and the most time to see things through to completion are the merger plays. In particular, reverse mergers. I have never been in one that went off perfect and just as it was originally laid out to investors. There are ALWAYS changes that occur. And obstacles to overcome. But...once they do finally get worked out, and the deal get's closed, they are the most profitable.
We are without a doubt stuck in this trading range, but I don't think UWRL or MMG is deliberately keeping it down for the simple reason that they intend to use some of the company stock as currency in order to complete the deal. It is most beneficial for all parties to have the pps as high as possible to realize the most favorable outcome. Or to get the most bang for your buck if you will.
I agree with you that the stock is WAY oversold and in my opinion the selling is playing a fairly big part in keeping our price down. Also, when there is buying pressure present, it isn't aggressive buying. Almost everyone that is buying the stock is trying to split the spread, or buy at the bid, and that is also REALLY slowing things down. That is not to say that there hasn't been any aggressive buying at all. There has been. And when we do see that kind of buying, we also see the best price movement forward, or up. That should be a little clue to people that are still waiting to take a position in the stock about how to get in with the best outcome.
The CE removal was a huge obstacle and I think that took WAY longer to get done than anyone anticipated. Including UWRL and MMG. But it is done, and that really frees up all parties involved to leap forward and get things done. I think that one of the best favors we could for ourselves is to stop relying on anything that comes from the IR firm as being anything more than meaningless hearsay. If anything, the reports that have been posted from IR, in particular, from Michael S. have done more harm, than good. His info is basically worthless in my opinion. For the most part all we will ever get out of the IR dept. is confirmation of information we already know to have taken place. So we should be relying on official releases as the main source of info. That could be anything from a PR, to one of "tips" programs that MMG has implemented. At least that info is coming straight from the horses mouth, and we can depend on it.
We've reached a point in time where MMG has a hell of a lot of time, and money invested in all of these deals and I would expect to start seeing most of these deals beginning to get closed. They want to see a payday as badly as all of us do!!!
Todays action wasn't fun but it has given those that aren't in yet, a chance to get in at what looks like the best price available. I just don't see it going any lower unless we witness a catastrophic selloff, and I just don't think that will happen. There are too many people that own this at higher levels and I doubt they just want to flush their investment down the drain.
So with any luck, hopefully we will begin to get the kind of news that we've ALL been waiting on, and then we can get the heck out of these miserable price ranges for good!!!!!
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