MPX International Corp C.MPXI

under 30 cents

[bobbybittman]

new 52 week low coming 28 cents or lower

[Hesitant1]

Are you going to respond to my question below?

[bobbybittman]

company is wasting shareholders money and dilluting shares this stock is a trap the shares are dilluted and company is making 400k a year profit and giving shares for nothing we are down over 50 percent and counting 

[Stockhouse1111]

How are they wasting shareholder money? Dilution has been for accretive acquistions. 

[bobbybittman]

this stock is dead in the water and the hype will not live up to expecttions all these garbage acquisitions that are overvalued big time.  company is only making 400k profit and acts like it is a billion dollar company, lot's of debt to pay off, the shares will drop and remain at these low levels for a while.  come conerence call time and earnings the managment will give us the same

[Hesitant1]

Again, how are they wasting money? Their SG&A isn't high. They have less than six million dollars in current debt. Do you know how to read a balance sheet?

[bobbybittman]

no i don't know how to read a balance sheet but i see retained earnings is negative 6.3 million for a company that is making 400k profit

[Stockhouse1111]

If you can't read a balance sheet... don't post