OTCPK:MAUXF - Post by User
Comment by
bxjuon Dec 14, 2015 12:28pm
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Post# 24382426
RE:Chen Lin's head must be ready to explode
RE:Chen Lin's head must be ready to explodeMMT was one of my better oil trades and I am sure for many others.
Chen recommended MMT when it was 0.16, they paid dividends of .05 qtr for what 6 or so qtrs, then cut the divy to .02 then .01. So, the dividends alone made early buyers a nice profit. Chen is a trader, not a buy and hold guy. He took some profits, and bought back several times along the mountainous MMT road. Many, if not most of his subscribers did the same. I made good $ on MMT as I, like many, sold when the dividend was cut and bought back in when it dropped to a new low early this year then sold out in the .60's. MMT is a closed position for Chen.
As far as this deal, my personal opinion is this was the plan for MW all along, I am assuming that that Delta and MW working together for this "takeover".. I assume they will get MMT for next to nothing and does anyone know if ex MMT CEO is still working with the MW group? And isn't facing charges in Britain over the divorce $ and also in Canada over his personal trading issues, etc.? I was tempted to buy today at .035 but for the players involved. I do think it could end up like PEC or could somehow sell for a few cents or maybe even more. I just do not want the African risk any longer on anything.