Todays ActionAssouf2008, no worries about the current share price.
Somebody from RBC was motivated to sell over the last week all the way down to the .09 level today.
Could the same person/broker be going in to take advantage of the private placement? Not sure.
I do know that the private placement closes next week and assuming it is fully subsribed, that means there are investors willing to buy 5 million shares at .10. So that is why the bid side is weak due to the bargain being issued and may remain on the weak side until better financial results come in to attract new money/investors in as I have enough shares myself even though I feel temped to pick up shares in the .08-.10 range or the private placement..
Going forward the company's goal is to start to isssue monthly progress updates as there are a number of operations on the go. From my calcuations going forward
GreenHouse is good for 3 million in sales
Alfalfa Good for 4 million in sales -
Organic Fert/Fishmeal good for 4 million
YellowHorn -? - not substantial for now as resources allocated more to earn $ on the above 3
Pipeline distribution - don't expect much from that and out fo the 5 shoud be the one to go as it isn't dealing with something you grow or feed to livestock to eat.
Total Revenue going forward is 11 million in my opinion
Company has no debt and could borrow off its assets for leverage if prudent
As well, although no updates , there was the Chinese Government grants worth up to 4.5 million Cdn applied for 9 months ago. That would be a plus even if only a protion of that was awarded.
To conlude there are so many small caps traded far below where they should be and MPE is one of them with a good payoff once the results start flowing.