TSXV:MBI.H - Post by User
Comment by
readytogo1on Jun 06, 2013 9:30pm
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Post# 21496017
RE: just maybe
RE: just maybe I don't have shares in this company. I was taking a look as it came up on my radar. My opinion the share price is getting hammered because of the negatives surrounding the company. Some shareholders complaining about a missed promise on commercialisation date (minor issue), lawsuit from Precision competitor (not helping situation) would help to have this resolved ASAP, dissidents filing suit wanting on BOD (big issue as MBI passed a resolution without shareholder approval). Not sure what is motivating these dissidents but big distraction. Some are suggesting that people are selling shares at a loss, that would be best case but I don't think that is what is happening here. I think the people selling are the ones with shares purchased in the .2 - .10 cent range. If that is the case and support is leaving at these levels stock will drop into single digits. Nonsense at this point to be talking about a .75 cent stock. You backed up 100%. If this stock is still trading below .15 cents at launch you'll be a long time seeing .75. Too bad seemed like a good thing going here!