RE: could someone be looking at MGM anything is possible but I don't see any deals for MGM unless paramount wants out and since Clayton is our chairman I doubt they have any divestiture plans at this time.
The thing investors don't understand about MGM is that although it's SP is a penny stock, it's assets and it's management is an experienced team with large company backgrounds, so they know exactly what they are doing and we will all profit down the road as long as we own shares and hang on to them and are not tempted to sell for quick profits.
Sure I can buy MGM today for 0.225 and sell it for 0.30 and make a good profit but don't forget, that with 1 TCF of resource natgas in the ground and alot more where that came from and now the potential for millons of barrells of shale oil, it will be worth much more than pennies but these things take time and with the disappointments with not reaching a deal to develop the McKensie valey pipeline, and just the time required to explore and exploit in the north, many investors don't have a long term investment thinking.
one day soon we'll know if they have oil potential and this will a huge difference for our SP because even though it might take 2-3 years to develop and connect to southern pipleines, it will provide cashflow to grow their business.
If Paramount was to put MGM up for sale, I don't even know what they could expect? 0.50 or 1.00, I doubt they will sell it as POIU thinks 10 years down the road, not 10 months.
oh well, my b uy orders are just waiting for sellers to come forwth and sell, please sell me your shares guys, LOL.
DYODD