Wednesday, April 18, 2012 10:06:31 AM
Mexp concerns in no particular order:
1. A/S just got increased 60% from 1 billion to 1.6 billion.
2. The company has already done a nasty 1 for 500 reverse split.
3. The share structure post reverse split was increasing dramatically then the company gagged their transfer agent.
4.The company used 1st qtr share structure numbers (lower) in its year ending financials.
5.The ceo in the last interview chimed the company is moments away from sending their boats out again to start recovering (70 days ago).
6.The ceo also stated they would be cash flow positive in 60 to 90 days (70 days ago).
7.Mexp recently set a new 52 week low at .0003
8.Mexp is being sued by its former transfer agent, and a second lawsuit by a group of unpaid divers.
9. Mexp management resorting to name dropping, ie: berkshire hathaway stryker medical group, the very famous yet to be named board member.
10.Most if not all shareholders are currently upside down in mexp.
11. The last financial report states the company has only $225,000 in cash and more importantly- cash equivalents.
12.Ceo claimed the float is under 100 million shares (feb 9th) Pinksheets.com states the float to be 282 million.
cont'd
13.Preferred shares owned by management stated as 0 yet we know from the increase to the authorized that they do indeed control 900 million super voting shares because 600 million of them voted FOR the increase.
Verify my statements and decide for yourself.
Take no ones word for anything.
NO ONE.
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