OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Jan 10, 2018 3:24pm
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Post# 27326819
RE:RE:Can you feel it
RE:RE:Can you feel itpokinfun, if I owned over a million shares of this company instead of beating up on message board posters I'd be asking some serious questions of management. We have zero effect on the share price, but then again maybe managment isn't listening to him and it's the only way he can let out his frustrations. If it's true, and he's averaged in @.52, an option is to sell enough shares to cover the initial investment and let the rest ride. It's going to be at least another quarter until financials turn around anyway and Barry is now delayed until 2020. So there is plenty of time to purchase back shares.
Looks like this:
Purchase: 1,000,000 shares X .52 = $520,000
Sell: $520,000 X .73 = 379,600 Shares
Leaving: 1,000,000 - 379600 = 620,400 shares
This way it lessons your exposure in case things don't work out and you can put some of the proceeds to work on some of his other choices. You still have a lot of shares and will profit nicely if they do manage to get things turned around. Then again not my decision. For Iloves sake I hope Eric Sprott is right.