Any interest I had in purchasing MCIC shares was lost with the PR about the "Oil" deal. My wife has a few clients involved in the business and it isn't one that you just happen into. It requires a large amount of funds and the ROI is low. The volume is what generates income.
If the oil PR didn't look bad enough, the funding was. Who puts out $50 million to get shares worth 500k?
I just can't help but think that most money made by the exec's and the company are as a result of dilution or the selling of personal holdings.
My best guess is that the OS is about 1.4 billion and rising, but with a TA that won't release info and no share update, it's hard to be spot on.
I do think my numbers are close based on the 1% rule that applies to a 144 filing.
Remember........ It's better to wish you had bought a
stock, than to wish you hadn't.
