Replies to post #61988 on Market 99 Ltd (fka MNTY)

[puffyk]

Like all of us with a common sense have said, we expect it after the 5th store.

For all those reading, just know that godfather has been a constant source of the R/S debate.

He continues to be proven wrong since last year.

It is very clear that dilution is occuring, as stated in the PR on 2/21, it was announced by the company that it would be occurring.

2/21/2008 | Market 99 Announces Share Structure Changes
Thursday, February 21, 2008 - PR Newswire
DALLAS, Feb. 21 /PRNewswire-FirstCall/ -- Company officials have announced that recently Market 99 (MNTY.PK) has made some significant changes to the share structure of the organization. Organizational changes approved by the Board of Directors include the increase of the authorized shares by 2.5 Billion, along with the retirement of Mr. Milligan's 1.2 Billion shares. Challenged by the ongoing debate between a reverse stock split and increasing the authorized shares, the MNTY team stands behind the Boards decisions and trusts all of the long-term investors will appreciate the reasoning behind the approvals.
Current progress with opening of the new stores is in full force and product is being purchased to stock the shelves as soon as keys are delivered from the contractors. Time lines from the contractors have been requested by Mr. Brola to be updated and submitted. Market 99 has added that additional press will be issued upon the review of the time lines.

Company officials for Market 99 thought it would be important for the shareholders to understand the cost associated with opening a new 15 Thousand square foot, 99 cent Super Center. Each Market 99 Super Center that opens has an approximately $250,000.00 price tag. MNTY has expressed that stock dilution at this level is a needed to continue the efforts of opening stores. According to recent studies preformed by the MNTY team, anticipated revenues to be generated with the opening of the 5th store should have a significant impact on the corporation so that stock dilution will be less of a required factor to open new stores or to sustain financial operations.

Please do not take godfather seriously as he provides no objectivity to the discussion.

Blessings.

[morfawcircuit]

Could you please point out and mention the evidence as you seem to be seeing things a lot of us don't see. Maybe I should speek for myself: what evidence do you see that I am not seeing?