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Monday, March 26, 2012 9:51:18 PM
MEXP has no earnings. There is no legitimate valuation. It would be difficult to project its future performance because it's not certain there will be any. The management has no track record in marine salvage, although it's been been said Michael Scaglione has played a part in and made a sizeable profit running scams. To calculate MEXP's credit risk would be off the charts. We don't even know the true share structure because it varies widely depending on which company officer you're listening to. The TA is gagged as well.
Is it flip worthy? Most pinks are with a promotion. But fundamentals? It has none. IMO.
Good luck to you.
"Dream like you'll live forever, but live like you'll die tomorrow"
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