The problem for MRIB is the situation has changed dramatically in the past three months. Comparison to previous dips and bumps really doesn't apply and specifying the current PPS as a bargain price is probably overestimating. Going back a few months MRIB still had some irons in the fire and basis for some potentially positive events. Speculation with respect to those components were enough to bump the stock ever so slightly on occasion. But we know what happened there. All of it turned out to be bullshit, the company and Margrit lost total credibility and there's no good news that can be delivered without being met with disdain.
The departure of Senters, the internal IR guy, their supposed VP of Business development back in July and most likely Ari by now speaks volumes as to the total disarray MRIB is in and the dire financial issues they face. Not sure there's any news we could get that could revive this corpse. I also don't expect that Margrit, Ani and Nina are capable of any level of business execution that could produce any positive results or news. As I said, it's a very different situation than it was two months ago.
It seems the only news these days and for the last two months is that coming from the transfer agent regarding new issued from convertibles six months past. Unfortunately that news isn't going to help anything now is it? But every couple of weeks it comes like clockwork. Death and taxes... you know it's coming just not quite sure when and how much.
As to bargain prices I'd like to know what people base that on. What's the method of valuation? Is it just the logic that a slot machine that hasn't hit for days is due? I can't see any financial analysis that would represent these prices are bargains. Quite the opposite. MRIB is insolvent, has no sales and now no real management capable of running a company. That should equate to a steady drop to $.0000 making the current PPS terribly overpriced and certainly no bargain.
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