SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : MPTVE - Turnaround With Huge Potential

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stu fabian who wrote (5466)1/14/2000 2:21:00 AM
From: RSH  Read Replies (2) of 5783
 
Stu: Here is my position. What would you do in the same situation?

1) You Averaged down to .01/share in MPTV over the last few months with a total of $$,$$$.00 invested.

2) You saw your share value diminish by nearly 60% to .0042/share. You feel rather sick in the stomach realizing that unless some positive news is released, you may lose your complete investment.

3) Suddenly the share price spikes up to between .0088-.0094 in the last few days. (Now you're only down ~10% instead of ~60%). Your stomach is no longer twisting but you're driven to find out why the stock went to ~.009 from .0045 in only 2 days.

4) Since no news has been released, you go on an all out Due Diligence mission using every information gathering tactic available in an effort to obtain the inside FACTS.

5) In a bittersweet ending you receive the facts. The facts are bitter because MPTV has no financing or general contractor retained.
Thus, there will be no positive news releases in the near future.

However, the facts are also sweet because your due diligence has allowed you to exit your position before the rest of the investing world discovers the facts regarding MPTV's financial difficulties which might take the stock down to .000.

6) You sell your shares at an average of .009 realizing that the stock price could still rise (in which situation you would lose money on the upside) or decline (in which situation you would lose money on the downside).

The only reason I was holding my shares was because I was awaiting a positive news release. In that case, a rise in price to .05 would be warranted. However, now that there is no financing or contractor, there will be no forthcoming news release. Therefore, at this time,I believe the stock is vastly overpriced even at .005.

Remember, ground cannot be broken until "working drawings" are completed which is a minimum of 4-6 months at an expense of ~$3.75 million. Obviously, no company over the past 5 years has been willing to team up with MPTV and pony up the cash. The well appears dry in my humble opinion.

RSH

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext