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Many Bright Ideas Technologies Inc V.MBI.H

Alternate Symbol(s):  MBGNF

Many Bright Ideas Technologies Inc. is a Canada-based company. The Company is focused on commercializing alternative non-medical technologies. The Company has not generated any revenue.


TSXV:MBI.H - Post by User

Post by watchandlearnon Mar 02, 2011 8:20am
321 Views
Post# 18217542

Today

Today     Great news yesterday. Precision Therapeutics is giving us $1.6 million plus $1 million extra if certain milestones are reached, plus royalty payments based on percentage of sales. Precision will also cover certain expenses incurred. One way to look at the deal is we are getting a financing without the extra 25 to 30 million shares plus attached warrants which would total close to 40 million shares in total. I like are news over that option. The revenue we get going foward is a bonus.        
     Weekly i see stocks shoot up and than fall back the next day usually on 4 to 6 million shares traded, but this is different. 20 million shares traded here in one day and we have the news to back it up. The cash is nice but the revenue is key here. Looking for a large day today once the news is read by the masses today. I think we will have a steady climb til the close today. Good luck.
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