Replies to post #15991 on MC Endeavors Inc (MSMY)

[riskon]

Preferred shares locked up until 2012 or 2013 if I remember right.

[xtreem99]

you asked why?

Why would preferred shareholders sell at these levels unless they think the stock is worthless?

why wouldn't they? they have them at a price of .001c, they would be tripling their money.

the types of people that get these preferred shares, are PR pumping sites, they could give 2 shits about the stock.

if they get 10 mill preferred stocks, (@.001c value each)for the equivalent of 15000 dollars (or so) worth of pr newsletters, if they sold when they became sell-able, , they would get 45k.

3 bagger works for me....I would do it. in a heart beat. especially if i was sitting on them for a year.
-IMHO
-X