Replies to post #56016 on Microelectronics Technology Co. (fka MELY)

[Smilin_B]

Honestly... You have no way to know when CD note holders are going to turn in their DTC sheets and convert their debt into equity.

MELY's debt holders make NOTHING with a ZERO bid. There has been no volume to speak of on the stock in as far as I can remember. Two sessions ago however, there was a volume surge and for the first time in nearly eight months, we got a bid back

That bud held yesterday and today, even though it got super thin before more support answered. Like I said earlier today, if note holders wanted to sell or if traders that have been stuck in this for months wanted to sell, they had their chance two sessions ago, yesterday, as well as today.

So.... Why does MELY still have a bid?

[johnnycomelately9]

What notes you referring to? Please show documentation of them? Last Note we knew of already converted and it fell to .0001 right before because every knew it was coming. Now the stock is ready to revive but is waiting on transparency. Sophisticated investors are buying now, should be fun if/when filings/updates come.