Great post ! These penny stocks "with a true story behind them" like what we have here with MDNT .... With billions of shares outstanding, can definitely run north. I also had a runner in 2009 that had 15 billion outstanding shares and it tO ran from 007 up to seven cents. I got out way too early. The outstanding shares here do not scare me whatsoever. I see this is a major buying opportunity and again as I said earlier, I love the chart here and I love the accumulation over the past month. This story is far from over. So if you want but I'll be buying them here; almost top-down :-) I think Manu will be Bang on with his Twitter comment!
I focus more on the O/S & Float of the Company rather than the A/S. I always stay aware of the A/S especially if the Company is constantly issuing shares to convert debt to toxic financiers. Even with the current dilution the O/S of 140M is still extremely low for a Penny Stock. A current stock in the MMJ business (F*TX) is currently trading at .045 & has 3.42B shares Outstanding. This Company currently has less revenues than MDNT & is a Pink Sheet Company. MDNT is a SEC filer & quotes on the OTCQB exchange. Also, our Management team & Directors far out class this other Company. Things we have to look forward to here below.
1. Merger/Acquisition with Atlas 2. Announcement of the other $50M in financing to complete Phase I construction of the $300M Studioplex. Mellon has already raised $40M of the $90M to complete phase I. 2. Construction details of the Studioplex & timelines. Donald Trump Jr. could be hired to build the Studioplex since he showed interest & visited the site. Trump Jr. could become a partner with the company & added to the Board of Directors. 3. Release of four new movies including "Yellow" which could possibly be viewed in U.S. Theatres & become a Blockbuster hit. 4. Announcement of new movies currently in production
BTW - The DD & the Team the Company has assembled tells me to buy/hold at the moment. We should be getting an update soon to explain the A/S increase. IMO
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