MXMI .0045 this stock has caught quite the bid, there is a saying in trading "the trend is your friend until the end"
Low Float share structures have been quite the trend from lows this stock has traded 2 consecutive days with more than average volume, and closed near high of the day. The stock on Level 2 has zero dilution and closed above resistance, this stock traded .03 not too long ago and could very well close above .01 tomorrow Some key points
-As per the last 10-k report http://www.otcmarkets.com/financialReportViewer?symbol=MXMI&id=53024 -Share structure Fairly current Market Value1 $331,668 a/o May 08, 2012 Shares Outstanding 195,098,820 a/o Mar 31, 2011 Float 33,966,867 a/o Mar 31, 2011 Authorized Shares 750,000,000 a/o Mar 31, 2011 In the past 5 years hotautoweb.com has generated $17 million dollars in the classic car segment. Given the continuing demand for collector cars and other vehicles at the right price, the Company is now initiating plans to establish a national network of trained independent representatives to market our website listing services to collectors, charities, and certain dealers. The following are assumptions based on vehicles listed and the number of visitors to the Company?s websites: Each listed vehicle generates 500 unique looks through search engine and other marketing efforts. Each item averages 75 photos plus a video. 500 “Looks” x 75 Photos = 37,500 page views. This same item when listed on eBay will generate another 1,000 “Lookers.” 1000 “Looks” x 75 photos = 75,000 page views totaling 112,500 page views per car. Currently the Company generates between $5 and $15 eCPM (dollars earned per 1000 page views). At $5 eCPM x 112 (112,500 page views per car/1000), each vehicle has the potential to generate $560 per month from web traffic alone.
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