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Monday, April 22, 2013 11:22:29 PM
If a "group" manipulates trading, by as you suggest, selling into positive news, etc., and manages to depress share price both by that maneuver and by having their representatives create suspicions and distrust about the company by the posters here called the "bashers" then where does that go? If I sold my shares today, I would take a very large loss, let's say about 70%. It is to the point that it is worth holding on, I have already, along with countless others, taken the worst of the decline, so why not hold on, I might as well take a complete loss in the end, if I have to take a 70%+ loss as it now stands,and I am guessing this is the case with a majority of other shareholders. So, I am guessing that many will take my position,, which is, I AM NOT SELLING, I WILL GO DOWN WITH THE SHIP". That will make for a bigger tax loss at some point it it comes to that. As others like myself become determined to NOT sell to manipulators, then their game has reached a point of diminished returns, if that. If the company holds the ONE preferred share and will not sell, then I think the "group" is going to run out of steam, with not willful sellers and having scared off any potential buyers, methodically over a LONG period of time, they will have no one to sell their nearly worthless shares to, just like the rest of us...guess they will take a tax loss too then, too bad.
PROBLEM is that I think that MRNJ is going in the right direction, one that will lead them out of this entanglement because revenues can and will do that, of course. A good bellweather will be the Q1 report which should be out in about 3 weeks from now. To all other shareholders in my position, it seems very prudent to hold on and see what the Q1 report yields. Meanwhile, expect a lot of ranting and raving from the boogieman squad, that is my guess.
Also, the AppFlix trademark objection will be settled, it cannot go on indefinitely, and I have confidence that the management is looking forward to the movie market.
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