RE: Kade . . . please explain Indicator
I too have been in MDG for at least 4 years, I originally was a long way underwater but I am now just about at the break even point at least its bobbing in and out of that. This is because I have been averaging down for quite some time.
I do not disagree that outlandish predictions have been made, I believe many were while this stock was still on the Venture exchange when it was still considered a speculative venture, the price of which is based on pure speculation in general.
The speculation SP or target price as far as I am concerned is just that, pure speculation and its expected on the venture exchange. These pumpers make a lot of cash from un-suspecting retail investors like us, but that is not PMI nor is it MDG.
The real value of the company can be calculated from the financial disclosures, and the potential share price above that value can be guessed at, if accurate knowledge about the future business is available.
If however, the SP target is not accompanied with a business case or accurate projection of sales and operating costs, its no better than a crystal ball or a fortune tellers opinion, it could be right or it could be wrong and everywhere in between.
What I believe is that MDG has a new technology that there is a clear and real need for i.e. a market. They have shown now that they can repeat ably produce good quality product that functions as promised and in the time they predicted they could do it with the equipment they said they needed. They are very close now (just now in the past few days in fact) to being in the position to be able to respond with a useable product that they can get paid for and be First . Big, very big deal. no one else is anywhere near MDG in this respect, but still I underline, they just got here now and it is about when they have previously stated they would get here.
We may now start to see a bit more firm actions on the previously signed MOU's etc that have been in place for 2 or 3 years with other countries to provide similar facilities to what have been paid for and now tested by DARPA this should be a walk in the park for MDG now, but that trust is only now, today a reality, this last week in fact.
I have been in a couple of very promising bio stocks in the past that went bad on the home stretch and I lost a ton of cash, and I think this is quite common with bio stocks developing new products...MDG made home! their product has been tested by a third party independent house. Give a little time now and I suspect you will see a gradual climb in the SP and real value in this company in the coming months, and it should be good solid value not flash in the pan hurry up and sell nonsense that you see on the venture all the time.
This is not a venture stock its really a baby big corporation stock, that's just the way I see it.
all MHO naturally.
KD