GREY:SKNAF - Post by User
Post by
BennyFarmson Feb 15, 2013 3:44pm
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Post# 20997678
Market Cap Too Low
Market Cap Too Low
In the beginning of 2012 MNH's Financial position (with only $1.4M ) allowed it to have a Market Captailization as High as 231M Shares O/S x $0.18 = $41.5M that is Nearlly 10x What it is currently.
There were 2 Drivers that Spurred Speculation to those Levels with the same Balance Sheet MNH pretty Much Has today.
They announced the intension of selling of their US Assets (Could Sell Any Day Now) and a Proposed Debenture offering. (Which IMO is Still very Much a Viable Option on the Table at some point
.
Ps> Also Short Data Also IN...Short Covered Last 2 weeks.
| Short History |  |
| | | Symbol | Report Date | Volume | Change | % of Float | |
| | | MNH - V | 2013-01-31 | 10,000 | -349,500 | 0.00 | |
| |
| | | MNH - V | 2013-01-15 | 359,500 | 359,500 | 0.16 | |
| |
| | | MNH - V | 2012-05-31 | | -100,000 | 0.00 |