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beachboy3

11/21/16 1:44 PM

#15181 RE: RNsidersbuying #15179

Reverse split requires shareholder authorization, which the company apparently doesn't have per my quick look at recent SEC filings. So, unless you can point me to their RS authorization, you'll be waiting a while for a RS.

A stock sale is the real danger in the short term, as they stated in their 10-Q that they need to raise money THIS year. A reverse merger with a well capitalized company would obviate that problem. So, even a short term bet on MSTX seems to be a real gamble. At this point, I'm unsure it's a bet I want to make.

The PR today was unnecessary fluff, as the company has already restated and emphasized its search for a strategic transaction. So, what was the purpose? An attempt to get the price away from the 6 cent delisting threshold? An attempt to get the price up right before a stock sale? I like to make safer stock speculations than this one, which could go either way in the near term.