Huge huge dumps again today. Who do you guys think are dumping millions of shares??? 9M dumped at .0001.
I believe a clue could come from the last filing "On June 24, 2015 the Company's Board of Directors approved the issuance of an aggregate of 951,000,000 shares of the Company's Common Stock to certain individuals in consideration of the Company's receipt of certain services from each of them.
The sale of the Company's Common Stock was undertaken without the use of any intermediary and the Company did not receive any cash or proceeds from the sale of the Common Stock. All of the Common Stock was issued solely in exchange for services rendered.
The Company is a small company with limited managerial and financial resources and the Company is subject to market, regulatory, and competitive pressures over which it has little or no control."
Pay attention to this paragraph! ^^^
It means the CEO and board has 0 management and the company is dead broke (no revenues). That is why it issues 951M shares to pay its workers.
So when is this bounce coming? As soon as the bid stabilizes, MLCG dumps its stock. You will never get out!
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