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overachiever

05/29/08 9:40 AM

#578 RE: MCKINLEY MORGANFIELD #577

There won't be much more volume here until after ther merger is complete and the ticker is changed. People are currently trying to pick off cheap shares, but most of those were bought two months ago when the first 8K was released.
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sliverbullet

05/29/08 9:55 AM

#579 RE: MCKINLEY MORGANFIELD #577

It depends on why the R/S is being done and for what reasons. Many scams do this to pad their pockets. This is being done for a merger and its with a company who has some nice established revenues already with even higher multiples projected for the future. Most R/S scams do a 300:1 or 50:1 or 80:1 R/S This is only a 2:1 so that tells you something right there. Not to mention they didn't sell this shell outright for 500k - 700k as they believe they will make more by being investors in the newly formed company. So i believe they think they will make more when this is trading at $5-$10 per share. g/l to you too, but not much luck needed on my end. If you use True DD, then no luck needed as in my case. Simple if you dont like it move on. I like what I uncovered in the DD and hence my convictions, you dont like it move on, simple.