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Tuesday, 07/19/2011 2:59:11 PM

Tuesday, July 19, 2011 2:59:11 PM

Post# of 21457
COMPLETE SUMMARY OF TODAY'S ACTIONS w/LINK this time

MGRN was trading between .0001 &.0002 yesterday and closed at $.0001.

MGRN became MGRND today as it did 1-for-500 share consolidation, or reverse stock split. (every 500 shares of the company's outstanding common stock converts to one share of common stock)

So let's take yesterday's closing price of .0001 times 500 which is $.05.

$.05 is where it opened this morning.

So investors sold (THIS MORNING) shares that they did not have in their account (MAJOR BROKER ERROR, I don't know which one(s)).
So price plummeted from $.05 to $.0004.

Conclusion: MGRND should be valued at $.05 NOW.
ALSO: there are sh1t load of Short shares that the brokerages are responsible for and will need to cover in the coming days.

http://quicken.intuit.com/investing/stock-quotes/MGRN/Monogram-Energy-Inc/Monogram-Energy-Inc.-Announces-1-for-500-Stock-Restructure-Toward-Overall-Market-Integrity-and-Growth-Opportunities/600-201105241237BIZWIRE_USPRX____BW6729-1

Call the company yourself:

Monogram Energy, Inc.
Saratu Phillips
(646) 726-9850