Manhattan Scientifics Inc (MHTX)

[ssc]

Posing questions via email or phone calls is just penny stock spin machine. Management needs to address legitimate concerns publicly, on the record, for all to see. How much more dilution? Why reward insiders before meaningful accomplishments are reflected in increased shareholder value? Why no additional licensing agreements for metals? Why no licensing for SSI after 4 years? Why no animal contracts? What happened to the "break out year of 2012"? Why was there no interest in the 1st generation Flynn machine? Why do the expectations of 4 years ago remain unfulfilled and constantly moving just out of reach?

Just to recall what was stated in the last 10-Q when investors learned of the $2.2 million giveaway to executives and BOD members, the company reported a loss of almost $3 million. Nothing has been released subsequent to that report to indicate that self-enrichment by the BOD and executives has been taken back. The small amount of momentum that was creeping in was totally erased when this was reported.

The company has now earned itself a reputation for comp'ing insiders and diluting the stock (recent doubling of authorized shares indicates plans to continue) at the expense of all other shareholders. Investors must now be concerned that even if royalties from metals come in at $3 or $4 million/year starting in 2015, how much of that will find its way into pockets of directors and executives while shareholder value stagnates at less than half of what it was 4 years ago.