Mainland Resources, Inc.(fka MNLU)

[vader3d]

http://norris.blogs.nytimes.com/2008/08/16/has-any-penny-stock-become-a-big-company/

I came across this article that was written in 2008. I know that is a long time and a lot has happen in 3 years. The article caught my eye because it was written by a journalist from a respectable news organization and not some penny stock promotion site.

The article made it seem like that penny stock can never make it big using fundamentals. My question to you all is has there been a penny stock oil and gas exploration company like MNLU that has gone on and made it big. I guess making it big would be above $10 per share or more and is traded on on the AMEX or NASDAQ. OR that they were bought out by a big company like Shell, Exxon, Chevron, or others. I know there may have been buyouts on like companies that were traded at $5 or more so they dont qualify as penny stock.

This pertains to us because most of us here are holder and are wishful and hopeful they hit the motherload. If history is against penny stock in general then is MNLU part of that history? I too is hoping they get bought out or atleast see thier share price sky rocket a few 100,000%.

What are your thoughts?