Beet pulp NR todayEven though the winter time is a slow season for MPE, it's wonderful that they're still signing deals. Although the amount of this contract is small, it is again solidifying a good working customer relationship with Guandong Wen's Food Group Co. I believe this is key to MPE's success because as they've been ramping up production of the ferilizer and alfalfa business from the PP money, and they will need distribution and retail channels to make it worthwhile for the company. After all, it makes no sense to produce additional goods when nobody is interested or even knows about it.
Today we saw pretty good volume but it was primarily an Anonymous seller that participated. I wonder if this seller is any of the previous staff of MPE dumping their shares. If so, that is good news as well and the sooner we rid ourselves of these sewer rats, the better.
Frustrated as I am with the current share price and trading activity, I am also optimistic on the company's prospects. It is usually at the time when things seem the most bleak that things are about to turn around. If today the company had no contracts or potential revenue and the share price kept sliding to new lows, this would be a cause for concern. This is not the case for MPE. The company is worth considerably more than it was in comparison to the same time last year. As I have said in previous posts, IMHO this year is a transitional year for MPE. Yes, they made record revenue but more importantly they've planted the seeds (pardon the pun) for a prosperous future.