Replies to post #47726 on Microelectronics Technology Co. (fka MELY)

[profithigh]

Everyone whose been here knows why people post negatively on the board. Everyone has good reason to post negatively on this board. For Now.

Nobody can get out of their positions.

We should have a solid "bag holder" block from pissed off shareholders after the R/S at this point. Even if all is really golden when news drops.

[profithigh]

10,000,000 shares converted @ .10 is $1,000,000. Seems to me that they would be fine with minimal dilution hitting the share structure and pay off their just short of $1,000,000 worth of convertible debt.

100,000,000 shares @ .01.

Plus the 200,000,000 or so of preferred to account for. A/S could be dropped down to 400 - 500 Mil post R/S and MELY should be fine.

Let's see how it all plays out. Got about a week left.

Not like we have a choice here.

[rocketman75]

Bingo, shorts have nothing to fear here, now if BrettyBoy also said he was lowering the A/S??? Well then we would have a diff story...

IMHO