tradeforcash- These are the facts on MDNO as I know them:
----The previous symbol of Modern Energy was MODR trading at .001 to 002 with 1.2 Billion shares outstanding
---Market cap was a minimum of $1.2 Million (1.2 Billion shares X .001)
---MODR converted into MDNO with only 1.2 MILLION outstanding now.
---Before MODR was converted in shareholder's accounts into MDNO, there was two days of trading in MDNO (before there were any MDNO shares to trade).
---Total of 2.1 Million shares of MDNO were traded from .012 to .019. (Check Bigcharts)
---$.015 or so was obviously an incorrect price. At $.015 X 1.2 Million shares, the total market cap was only $18,000! LOL
---Even at .60, MDNO is not at the previous market cap of $1.2 Million yet. MDNO now is at a market cap of $720,000. MDNO needs to go to $1.00 minimum to be at parity of the market cap before the restructuring.
-- The GPGD dividend announced today is worth .24 a share to MDNO shareholders (GPGD is at .24 x 100 shares for every MDNO share held).
ANDTHE SHORTS HAVE NOT COVERED THEIR 1 MILLION SHARES THEY SOLD WHEN THERE W AS REALLY NO MDNO SHARES AVAILABLE.
So MDNO is headed MUCH higher, IMO.
---I love the smell of napalm in the morning.
Hope this helps