Replies to post #861 on Mundus Group Inc (MNDP)

[vd8828]

Flying Car a Step Closer to Reality per Yahoo hot news today 06/29/10 - It looks GREAT for MNDP too,IMHO.

The link is: http://buzz.yahoo.com/buzzlog/93804?fp=1

Flying Car a Step Closer to Reality
by Mike Krumboltz
5 hours ago
385 Votes

Weird-looking cars are a dime a dozen. Far less common are weird-looking cars that can also fly AND have approval from the Federal Aviation Administration. Indeed, as far as we know, there's only one of those babies: The Terrafugia Transition.

The private aircraft/funky-looking car has been in the news before. But the recent announcement that it's going into production sparked mega-searches on the Web. Almost immediately, online lookups for "terrafugia transition" and "terrafugia transition pictures" both, well, took off.

A popular article from the UK's Daily Telegraph explains that the FAA's special exemption allows the vehicle to function as both a "light aircraft" and a car. Normally, for a plane to meet the "light aircraft" designation, it can weigh no more than 1,200 pounds. The Terrafugia Transition weighs 1,320, due primarily to the number of car-related safety features, like airbags and crumple zones. The "light aircraft" designation is key, because licenses for planes with that label require only 20 hours of flying time. Fewer hoops to jump through means more potential sales.

So, how does the plane/car work? Check out the flying car's official video below. So far, 70 people have placed a deposit. The total retail cost: $194,000. Expensive, but really, can you put a price on skipping commercial flights?

[Foxwoods Man]

What's your take on it?

I have no clue but some strange bid/ask issues going on

Monday: 95% of the volume was listed as good size buys but the ask never moved from 0.005 until the last trade of the day (a less than $10 trade) jumped the ask to 0.0072

Tuesday: 1st trade was an ask slap at 0.0072 (less than $50 trade)and then the ask DROPPED to 0.005 where multiple buys were unable to get it to move. I last looked at 330p and 100% were buys but the ask stayed at 0.005

Wednesday: After two day of ask slapping the ask drops AGAIN to 0.0045...(might change at the open)

Normal events: multiple buys at the ask usually will tend to have the MM's raise the ask NOT drop it

Looks like they are getting rid of shares at any price just to get rid of them and not risking that any increase in the price might change a buyer's mind ....

How can anyone expect to get any profit if the stock price goes DOWN when people are buying...what would happen if everyone started SELLING (again)?????

Note: this has nothing to do with the company as a company...it is related to the concept of buying demand raising the ask of ANY stock

[Foxwoods Man]

I get it now.....

The last 7 trades were all sells for over 900,000 shares and the bid AND ask went UP! DUH!

You have to SELL your shares for the price to go up..

Everyone SELL! and my 0.04 shares might break even.....

Don't buy whatever you do....that will kill the share price