Wednesday, March 19, 2014 12:54:23 AM
We are definitely long MRIB. I'm a little sad a MM ate 800K of my shares at close when I put the bid wall up to block bidwackers.. But it is nice to have some funds to trade with to rebuy and turn the 800K shares into 900K shares if we dip again on no news.
I've been telling my parents (Dad) about how this penny play has been going since its my first one and all.. I showed them some of the MoneyTV videos before the last license approval. They are too close to retirement for me to have them risk their life savings on this or participate. I'd never hear the end of it if license was delayed and a panic dump or equiv. happened. As we saw with DT and Jack and the panic selling, you have to be strong and stay bullish. They are probably too conservative for this risk level. (are 60)
But, my parent support MRIB and can tell its a solid company and support my risky move of throwing all my life savings based on the DD I shared with them. My dad was surprised with today's update that Margrit has not come forward yet with the next shipment info since now shipping PR went out and said he can understand the nervousness. Obviously, my dad is not a pro and does not have any skin in the game.
It would be nice to get an update about inventory - not exact numbers but just order of magnitude and hear how production is going. If they are shipping that much product - I wonder about the influence of price of potatoes or other commodities to make vodka. Maybe I can work on gathering some DD on that angle.
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