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acesandeights

12/14/12 9:59 AM

#3967 RE: midnightexpress #3966

Looks like you're right.

236 has been saying this since the first day I arrived here....I wish I listened and waited.

But in absolutely NO way do I feel this company is a scam as 236 states. He has a short-sided agenda and works for vulture capitalists for minimum wage....his job is to hang here 24/7 and repeat his rhetoric constantly until the toxic shares have been diluted.

Amazing that I felt that was the case from day 1, but I am a SUCKER when a company claims they are in bed with a big boy.

Sure would be nice to see the company have some balls and say something to try and help stop the bloodbath. Sitting back and let negative rumors rule the day is terribly bad for the company. If a newbie hears about the technology the company has(as it is an exploding industry), and does a little DD he will see the App has been released and the company has gone silent.

The only headlines with be about glitches, stock dropping like a rock and toxic financing. How much longer do you think a potential investor will check this company out?
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236T568

12/14/12 10:24 AM

#3968 RE: midnightexpress #3966

In addition, MIMV filed with the SEC in November that it is raising $3.0 million by issuing common stock and a deritivate such as warrants in a Reg D Rule 506 private placment.

MIMV filed with the SEC in its 10Q that $200,000 of that $3.0 milion has already been raised by issuing 2.0 million common shares

In the 10Q, MIMV omitted the fact that warrants were also issued with those 2.0 million common shares, implying a price per common shares of less than $0.10.

The balance of the $3.0 million, or $2.8 million has to be raised at the same price as the $0.10/unit consisting of common stock and warrants.

The result is the issuance of tens of millions of common shares and tens of millions of warrants

All this is happening as we speak


the company is real enough but the way they just raised money is not the correct way...it is my opinion that they just did a round of toxic financing and sold some debt that was converted and then had pr's to create some liquidity....that is all fine and dandy until someone greedy begins to oversell and no matter how much is bought...it goes down...my opinion is to pass on this for now and wait until this toxic stuff is done...until then it can't go up...you will see I am correct as the float will increase,,,jmhumbleopinion