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Bullboard - Stock Discussion Forum Mega Brands Inc MBLKF

Consumer Cyclical Leisure

GREY:MBLKF - Post Discussion

Mega Brands Inc > Can anyone explain....
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Post by kryogenikz on Jun 03, 2010 9:15am

Can anyone explain....

why this stock price is not moving???

Great Q1 earnings, refinanced their debts to save themselves and shareholders millions, lowest nominal price which makes it undervalued.

Is this stock manipulation at its best or is this truly a bad investment?

I have a significant position and have read the charts, which show support at .50 which was my average price.
Such great product lines such as Iron man 2, Dora the explorer and tons of other hot toys. Why is this one in the stinker, please explain?

Comment by uter666 on Jun 03, 2010 11:38pm
This tells the whole story. "As at March 30, 2009, the Corporation has issued and outstanding CDN$141.7 million (US$138.9 million) principal amount of 10% senior secured debentures, 327.3 million common shares and 243.8 million warrants. Each warrant entitles the holder to purchase one common share of the Corporation for CDN.50 until 2015."These recapitalization transactions were ...more  
Comment by Seldomseen on Jun 04, 2010 10:13am
This post has been removed in accordance with Community Policy
Comment by Seldomseen on Jun 04, 2010 10:18am
This post has been removed in accordance with Community Policy
Comment by Seldomseen on Jun 04, 2010 11:15am
This post has been removed in accordance with Community Policy
Comment by Seldomseen on Jun 04, 2010 11:18am
This post has been removed in accordance with Community Policy
Comment by kryogenikz on Jun 06, 2010 10:31am
Great explaination thanks utter666!
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