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Re: None

Wednesday, 08/31/2011 3:12:51 PM

Wednesday, August 31, 2011 3:12:51 PM

Post# of 6903
One more thought. If I had $1,000,000 to invest in MNLU, I would not invest it at retail. The 90 day average volume is 156,000 shares per day at .30 per share, 90 day average. Chances of buying $1,000,000.00 of shares at retail for .15 are slim to none, with the time line to well completion and cash flow involved!!!

At that rate, it would take 47 days for me to by every share sold at 156,000 shares per day, to buy 6.66 million shares at retail, at the average price. 4 months ago the 90 day average was 60 cents a share. So buyers that want any quantity of ultra cheap discounted shares will buy the offer. They will not try to buy retail at .15 in any volume, as that kind of volume would run the price back up to $1/share very quickly.

Once they buy all those cheap shares, they will not be able to sell for what looks like at least 4 months, so they will then buy retail shares and boost the price back to .40 (to protect their investment), and by the time they are ready to sell (if any sell) the well will be producing cash flow, fluff PRs will abound, JV's will be debated, and the stock will hold steady, unless one of them dumps a lot of shares at that point.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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