[MKTY - This is one I would be happy to short if we had a Profound Pronouncement from the P man. Sound goofy to me.]
Tuesday April 13, 1999
Mechanical Technology, Inc. to Begin Trading on Nasdaq National Market System - PR Newswire - 4:57 pm.
Moving out BB status did not change its no product, no revenue status. However, stock moved from $4 to high teens.
Tuesday April 20, 1999
SoCalGas to Invest in Fuel Cell Developer Plug Power - Business Wire - 9:06 am
O.K., it is a parasite now, stock jump from high teen to $30.
Friday April 23 to Monday May 17, 1999
Mechanical Technology, Inc. Announces 3-for-2 Stock Split - PR Newswire - 9:41 am
Yhoo, a split, nothing changed, the stock run from $30 to $45
Tuesday May 18, 1999
Mechanical Technology, Inc. Announces Rights Offering - PR Newswire - 4:43 pm
With the conversion offering, it dropped to $25, post split.
What next? No revenue, no product, still a parasite waiting for a morsel from plug-in ipo, which will not be filed till year 2000.
Go figure it. |
