GREY:MBLKF - Post by User
Comment by
Nununzacon Jul 09, 2013 6:19am
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Post# 21595598
RE:????????????
RE:????????????The market values MB at aroung 320-330M$. Warrants are being converted and stock options are being excercised thus raising the number of circulating shares. From 16.8M shares out last year, we are now at nearly 23M shares out. However, given current financial reports and the lack of news about new toy lines or business partnerships from MB, the company value isn't expected to raise in the short term. So, more shares out for a constant company value = declining stock price. This is why I've sold all of my 5,000 MB stocks back in May.
It is not the company being devaluated, it is only a matter of new shares being issued constantly. I still have high financial expectations for that company, however as long as this issuance of stocks has not come to an end, count me out.
Hope that will help!