Not yet. But I did tell Hayden IR that a link to Southridge and Federal charges involving stock manipulation did show up on Barron's. I will attempt to determine if it's the same outfit. It may not be as their are a lot of companies with similar name endings. I posted that link yesterday. Will post again later today if needed.
I hope MCLN understands the ugly to claiming in bed with something like that! I hope that understand that this stock will fall into triple zero land if they misuse and misallocate that alleged 4M.
Hayden IR indicated that another person had already called with that information about Southridge and the Feds. Do not understand how the financing is better without an explanation.
Boy! Do we need updated press releases from the Company! I do fault management when they release the PR they did earlier this week and then let EDGAR (SEC) dump on us for the rest of the week.
There's absolutely nothing illegal about the transaction that just took place. It was a simple private equity deal that gives MCLN the adequate financing for working capital. With future cash inflows + the 36 month equity deal (for which further dilution will take place as only a few million dollars worth of shares were purchased yesterday) there should be plenty of cash available to get this company off to a good start.
This is a stock that's primed to have a strong future, but will be slow and steady.
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