RE: Great News for MPEThat is great news for sure. With past distribution agreements, and capital committment to increase efficency and production you would have thought MPE's stock price should soar as well. While favourable contracts and news releases are important, it also goes to show how key promoting the company to investors is. You can have a well run company, with great potential and doing great things, but if nobody knows about it, the company's stock price is going to go no where.
Market promotion is outside of Raymond's realm of expertise and he has been trying very hard on this front by hiring various companies and individuals, but with little to no success in adding shareholder value. Hopefully with the new director's extensive depth of experience and connections, MPE can be brought to the attention of a wider investor audience.
I agree that the weaker hands are now gone, and in their place much more optimistic investors in their place. There will still be a lot of quick-flip shareholders to dispatch with in the .20-.30 range, but once more solid revenue numbers are in place, the long term investors should replace these and carry the stock to a much higher level of support.