Coach, I brought up the same point a few weeks ago,
This was La Guardia's/Two Trades' response on June 17:
"La Guardia GFS began conversations with MDMI in early January of 1999, the stock was trading under $.03/share. We consummated our agreement with MDMI on the 10th of March 1999, when MDMI closed at $.03/share. We have seen the price climb over 400% since this point in time, and we have continued to HOLD and acquire, without selling a single share."
You can draw these conclusions:
Either #1, When LG signed on, but before they officially started repping MDMI as they announced in their press release, they quietly approached a good number of investors and drummed up interest in MDMI making the stock climb.
or #2, After months of comatose trading and sub-nickel prices, Dana's announcement that MDMI was hiring an IR firm caused a surge of optimism causing the stock to wake up.
or #3, A combination of both.
My opinion, #3, heavily weighted to #2.
______________________________________ Marc Stager |
