'surfkast' More on MILV tomorrow, read this first.
MISTRAL VENTURES INC (MILV.PK)
Posted by pennystockspeculator on June 19, 2010
Every so often, there comes around a stock that we really cant make heads or tails of.
Well folks, looks like today was one of those times.
At approximately 1:50EST on June 19, 2010, PennyStockBull issued a reiteration concerning one of their previous picks. Mistral Ventures Inc. The facts on this company, numbers wise at least, were beyond compelling, In fact, PennyStockBull even admitted to having recommended this stock to tepid results first off.
To those who bought in the past Thursday, however, at the very bottom of the price range the gold at the end of the rainbow came in the form of a better than 1000%. It was enough to turn a $17 million penny stock into a $179 million dollar small cap.
Here's what the last 5 days looked like, and pay special attention to the last two business days:
Looks good right? 10 times your money back inside of 30 hours?
On the surface, yes, but then, when we start to look into this stock, questions start piling up.
First of all, it seems that yahoo finance and scottrade cannot even agree on what this company does. Yahoo has them developing cell-phone apps for the Iphone, while Scottrade believes that this is a mining exploration company with a 315 acre site in British Colombia.
Here are their exact words:
Scottrade: "Mistral Ventures, Inc. is a developmental-stage company. The Company was engaged in the acquisition, exploration and development of natural resource properties."
Yahoo Finance: "Mistral Ventures, Inc. engages in the development of mobile phone applications fo mobile marketplaces. It developes iPhone and iPod Touch applications fopr client customers."
Now, it's possible that this confusion was on our end only, but then we noticed something to disprove that theory as well. According to the conflicting sources, both the mining exploration Mistral, as well as, the cell-phone app Mistral rescinded a purchase of Tech World Capital, Inc's assets on July 17th. In fact, the same article was sited both sources.
So, a little deductive reasoning: Tech World Capital is a technology and IT development firm that: "provides a broad range of technical services that emphasize high level architectural evaluation, design, and planning, information engineering and re-engineering, systems integration for multiple platforms and data sources, and management consulting services focused on better information for decision making.
It would seem counter intuitive to think that a mining exploer would be interested in the acquisiton of a tech firm, so our genius analysts were tempted to agree with Yahoo Finance version of the story.
However, upon further research, it became clear that NEITHER incarnations of this company have a FUNCTIONING WEBSITE, so the next step of the analysis would be to determine which business model would be more likely to leave out this important commerce tool.
Clearly, if this tech company specializing in communication applications, A WEBSITE WOULD BE A BASIC FEATURE OF THEIR BUSINESS PRACTICE. THEY DO NOT. BUT LOOKING AT THE FLIP SIDE OF THE COIN, WE"RE EQUALLY CONFOUNDED BY A MINING COMPANY LOOKING TO ACQUIRE A COMPANY LIKE TECH WORLD CAPITAL.
CONCLUSION: This utter confusion, compounded with THE UNBELIEVABLE 10X GROTH IN LESS THAN TWO FULL TRADING LEADS US TO BELIEVE THAT THIS IS A MONSTROUS EXAMPLE OF AN INTERNET PROMOTION. Given that most of the investors who blew the roof off this stock last week probably had even less of an idea of what this company does than we do, to say the future aof this as-yet-to-be determined outfit looks uncertain would be an equally eye-popping understatement. Expect the world to come crashing down next week.
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