Replies to post #5847 on Mensa Mining Corp (EQBM)

[LCLiving]

That is the $64 million dollar question? Larry needs to release the share structure to the public. He said in the interview that 100 million were being converted to preferred and that that would reduce the shares back to 300 million figure. That would make the float 60 million if that is the case based on the old figures of 275 mil OS and 35 mil float. He has told me and others and said in the interview that he has the money in the bank for the China deal so I don't think he's selling any more now. I personally feel the selling by the company ended a week ago from this last Thurs.

I feel there has also been some shorting going on, just how much who knows. There has been alot of investors bailing the last week so they may have covered some or all. Hopefully, we find out soon, getting tired of this guessing bs.

[PokerVertigo]

If you look at the Accumulation/Dist on stockcharts for this stock, it looks like this last bit has just been people selling big... Doesn't look like dilution, but who knows...

[DOLPHY]

I dont think Larry is dumping. I think that he working darn hard to get something done but somehow he is not having much luck. I am not selling. Whether I will cover my losses, I dont know.To get to a revenue generating situation is the question.Once that happens the SP can recover.

[MSEED]

If Larry was diluting, do not think he
would in interview be specific on share count. He stated that 100 million of 400 million would go preferred, leaving 275+-M and 35M float. Also stated in interview he has the money rqd for China project and there will be no dilution.

Again, doing DD on the level II trades the last few days shows uptick bids being passed over and asks taking the lower trade price. IE-126K shares @ .0055 was passed over and a trade for .0049 was taken. Consistent pattern over last few days and weeks. You are correct that this stock is not trading naturally because MM's bs. Plus, small investors selling off, not wanting to wait for 8/2 awesome PR. pending. The naked short position is what I am interested in come 7/26 with Sho list. With CEO asking for all investors to register with EQBM share count,to me shows wants to go after the naked shorts.

The Dalian project was signed within last 10 days per DAK website w/ EQBM. The PR out from EQBM estimated revenue from project at $19M
a year. With +-300M shares =.05 share price net. 9 times what pps is now, with just this one project. Yes the Red Lake project eng. reports are pending. Traders bashing the stock saying that the Red Lake #s are late. PR on these #s will coincide with PR 8/2 confirmed on Dalian project, in my opinion.

The China project is the biggee!! Plus, just using T/A, technicals show CMF is pushing positive and all indicators show ready to pop.

GLTY. Opinion only, not a buy or sell recommendation.

Best Regards.