Mainland Resources, Inc.(fka MNLU)

[Ecomike]

What were the terms of your ask at .185? #shares offered? Any limits on the order?
Who is the broker you placed the order with?

I noticed slow penny stock posting of new orders on Thursday, and my broker (Fidelity) had bad data all day on at least one of my other penny oil stocks that traded all day (IHUB data worked, but Fidelity data was a day old all day, and never updated, (it was frozen), so I past it off as overloaded systems and overloaded MMs on the big weeks rally world wide.

Usually when the MM's like Nite back off the top spot of bid and ask, they have decided to let the market make itself, rather than risk getting run over by a pack of bulldozers by trying to pick up pennies in front of a moving dozer!!!! LOL

I seriously doubt any share dumping at retail is possible here, not by MNLU, based on my DD pouring over the last 2 years of SEC filings by AEXP and MNLU, and they had many opportunities to dump shares in the last 18 months, but chose not to do so, even when MNLU was well over $1/share this year. MNLU and the merger seems to preclude it as well. They had a private offer out already for restricted shares over a month ago, 66 million at .15/share, that failed to get fully subscribed (as we never got news of it's being fully subscribed, which would have solved their need for cash to complete the wells, pay the outstanding bills, and tie the well to the nearby pipeline. Real people that dumped on the way down the last 9 nine months have been buying back on the chance that the private offer to raise cash is being replaced with a JV deal lead by the new guy we heard about 8 days ago.

Lastly, NITE did the same thing (they backed off the bid and ask) when MNLU rallied last time from about .25 to well over $1/share, when there was no share dumping, while they drilled the BP#1 well about 9-12 months ago.