RE: RE: RE: RE: consolidation! We are now worth...
Hi Birdie22,
I have been following your post, since I first bought MTM at 70 cents. I read your comments regularly, because they are very insightful and you provide knowledge and insight that goes beyond what is learned in classes.
As an almost accountant my studies does not focus as deeply as I would like in investing, because of that I mostly learn by trial and error. As such, I don’t understand the reason for the consolidation and was wondering if my thinking is way off. Please comment on the questions below.
1. If the shares are consolidated the price per share will of course go up, but without significant good news, will the share not revert back to half a cent?
2. Is Management sitting on some sort of major announcement, otherwise why consolidate now?
3. Do you also find it convenient that COV has falling so much? Do they not have a market for their products?
4. What is your thought on the name change?
5. Lastly, can you explain your method of valuating Mitec or any other penny stock?
I realized that it might be inappropriate to ask question like this over this forum, but I wanted your opinion, so I signed up today. Also didn’t see and option to email you directly.
Lastly, is there an email option on Stockhouse, that way I can give you my email without posting it to the general public. This way you can respond directly.
Thanks in advance for your insight it is greatly appreciated.