bever64 wrote: Yeah well thats another concern in mmcap has such a huge position IMO they should not be allowing the stock to get "downticked" at the close by fractional sell orders, (stocks targeted by short sellers get crushed as they exploit share trading by using volume "air pockets" during the day and downticking to endless advantage as the regulators are powerless to stop them.) Obv this is much harder to execute on large cap companies.....unfortunately companies seem to have no issue screwing common share holders these days to bolster the longer term outlook of a company (salaries/option/stability)etc..it would be a Loooong way if beena and execs would start buying shares or make a public declaration of the financing/share structure intensions going foward...(doubt it) quote=johnale]
ya it's a tough sell for sure - and no one is biting right now according to Craig - there in lies the issue and it's not an operational thing.
that's why I implored that they need to get retail on-side again. A little promotion, even though it's not their MO - and get some momentum.
get back in the etf and go from there,
MMcap seems to be going long here. Not selling a share, and their average is up there.
they are in constant conversation and are being updated regularly - now that they filed and revealed their position.
they have a pretty vested interest to see this rise. Craig thinks their average is about .50 cents.
there is no liquidity for their position now without supreme becoming very successful -
they seem to have liquidated other positions, like in zena. So there is an appetite to hold here.
For what it's worth
bever64 wrote: But who the hell wants to buy a .12-.15c stock with 480m shares outstanding? How do you justify that as a fund manager?? The only way they are gonna attract institutional investors is by bending over and taking one for the team..for example , find a funder ...rollback 10-1 , 48m shares new float...then issue for example 52m new shares @ a bad price (say .50c) raise 25m dollars and voila you have a company well funded and with only 100m shares outstanding. Sh t like that i would be scared of.
bever64 wrote: Good to hear all your arguments..i will say you are the only 3 i really pay attention too. Watchme your "expose" on how hard it is too actually make money in this regulated-competitive environment is bang on however i do believe you fail to give proper value to supreme facility and nationwide sales network & brand. Now johnale they dont "need money" but seems like the entire industry is erroring on caution and bringing in money anyways. Maybe a financing is tied to a consolidation/new investor? Who knows i just dont like the tape and understand it cuz if someone put a gun to.my head and said buy or sell i would buy here