Medicago Inc MDCGF

Why are we in such a hurry to sell?

[fatboy92]

Because long time shareholders have been screwed over by management and Philip Morris for the the past 2-3 years now. Ever since MDG hit the previous all time high around .86 this stock has been controlled and manipulated by those that wanted to keep the share price down exactly for a takeover.  This has been mentioned by many for years and was fully expected. Philip Morris just needed the right partner if they were unable to complete the takeover themselves. MDG should have been in the dollars a long time ago, many longtime shareholders got so fed up with this crap that they had unloaded many of their shares out of shear exhaustion. Except Ricky! And now people are saying why be in a hurry? Your money is wasted here, it's not going up anywhere, it's worth $1.16 a share if you hold until paid out and $1.14 at market right now. That's it and those that are buying it are scalping all the shares for a 2 cent profit, end of story.

There are many more companies out there poised for a run, with less outstanding shares, where management hold a large percent of the company, not like MDG! You can buy many multiples of the shares you have here and look forward to more profits. 

My two recommendations would be ICO and NCI both on the venture.

Thanks for the rant.

[specboy2011]

Sell and move on.At least you got a success story here....

[Pandora]

Over 30 million traded Friday. Can't get over 300,000 today. Quite a change in volume.

[beenthere]

You are not seeing the total from all exchanges. 836,000 shares have traded so far today But, yes still quite a difference though

[blitzer2]

There is over 16M volume on the Bid and just under 3M Ask volume currently. It seems the sellers are holding on tighter today and are not in a hurry to sell below 1.15. Shareholders  know they will be guaranteed 1.16 if it's approved but, it seems that there might be growing optimism that a higher offer just could present itself from somewhere else. OR, a lot of holders may just vote

[blitzer2]

Well Pandora for what it's worth, there was a rush in the last 15mins to buy 350k @1.15 which was more than the volume had got to in the first 3 hrs of trading when you posted at 12:30. We finally closed with 11.7M still on the Bid@1.14 and only 1.5M on the Ask @1.15. Most of the volume today did not get going until after 1:30pm. I find this very intriguing that there is still apparently, a

[Pandora]

Don't have access to all platforms but volume looks quite low today. Does that mean that all that wanted out in a hurry are now out. There has been absolutely no follow up to the Mitsubishi offer so is that suggesting it is what it is and now we just wait for the vote and the close.