I'm excited about them hiring Greentech Int as their marketing company because I think moving forward that we will see a less shameless, more polished approach to their branding. As a startup I think they just had a cheesy way of promoting themselves that turned people off. That said, a fledgling company with huge set up costs like theirs probably needed to pump and dump to create revenue to help keep debt down and pay employees until the equipment was up and coming. I don't have a problem with that because they didn't get the money from me - I`ve been in and out a couple of times and made money both times and I’m currently in (substantially) and will make money this time too. In fact I think it’s a smart move on behalf of the company even if a couple day traders get burned – all the longs are in a good position right now.
I’m holding on the strength of the recent NEWS (like the Colorado acquisition, the new marketing approach, the filming, the tire development, mention of new contracts, etc - not the rest of the fluff). It’s funny that the actual stuff that matters didn’t move the stock price like the pumping did but that just reflects the nature of the people who are (currently) trading this stock. It has all the pieces of a winner with critical results released this week and next (and the marketing tone upbeat - altho it remains to be seen if they’re just blowing smoke).
If it’s great news here’s what happens - traders move on, investors and institutional buyers move in and we blast through the $1.20 resistance. Volume will be too big to manipulate easily. If it’s bad news (and MDOR released that they have the results of the tire testing already) then it was a month long pump for no other reason but to mislead bulls and manipulate share price. What they release better be good and substantial or I don’t see them ever being seen as legit. No more lame ny times reports.
As for saying it would have made the leap already if it had the goods, well, the company was in its infant stage of set up in the middle of the worst recession in 70+ years. Plus skittish investors would be more likely to put their money back into the markets with, say, APPLE Computers at a fraction of its value vs. this unheard of penny stock in its development stage. To an extent the example holds true to this day, but great deals are fewer and farther between. When more people are ready for higher risk they’ll find MDOR.