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Re: rcht2370 post# 6621

Wednesday, 05/16/2012 9:53:51 AM

Wednesday, May 16, 2012 9:53:51 AM

Post# of 6903
That's a tremendous hit, sorry to hear that. Unfortunately that is the risk with OTC plays, RS and dillute. It seems for MNLU to stay alive they had to RS and give Piece 30% of the company to maintain the lease rights. I imagine it will be dead for the rest of this year. Maybe it can come back to life next year if the price of nat gas recovers and they can get some decent financing to carry on with their business plan, whatever that actually was. If they try to raise more capital here, the dillution will be severe. Hopefully, Pierce won't go for that.

I sold half of my shares at a 25% loss for only lost 70% myself here. uhg.

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