Millionaire.com plans to operate a website dedicated to connecting buyers and sellers of luxury items including antiques, yachts, classic autos, and much more. But are such offerings over the net practical????.......especially considering recent accounts of fraud over well known web auctioneer EBAY Message 6815774. Will people be buying luxury items worth tens of thousands of dollars over a medium still proving its safety and reliability to the everyday consumer??? It should also be noted that other companies have pursuied similar business strategies catering to the wealthy Subject 24051 with their success still undetermined.............
Also of concern is MLRE's status as a OTC: BB listed company. A company trading on the OTC is NOT required to release vital financial information to the investing public. Without this information it's nearly impossible to accurately value the company or determine it's potential. I just thought I'd include this note for new investors who heard of MLRE through its news releases on listed fully reporting companies TGLO & GCTY.
Realistically few penny stocks spend much time at these lofty valuations.......and without audited financial data it's impossible to know if MLRE even has the resources to attempt to enter their targeted market. For investors to use caution would be very prudent advice. |
