MRXT Club Members...Everyone is patiently waiting for a resolution to
be completed between Marx Toys, symbol MRXT and Entertainment
Corporation and United Internet Technologies (UIT), a division of
United Leisure Corporation.
Many club members hold MRXT shares expecting this resolution to be
completed. I am holding 250+k shares also expecting good news to be
announced about a completed resolution. I do expect a completed
resolution because the last two press releases about negotiations did
contain positive tones by both parties. I think it's just a matter
of when not if the resolution is completed and announced.
I have also been told by various sources retail buyers are also
waiting for news of completed resolution. When news comes out I am
told they will buy on news but not until then…this is retail buying
just waiting and watching.
I am still holding by my statement about short sellers shorting
MRXT. I know have evidence this it taking place but will not put it
in this email. I am not writing about the shorting but will say just
watch as they average up and increase their short position. I am
confident this is exactly what will happen...Good??? Shorting is not
good if you are investing in a dog company…hoping for a turn
around...one in one hundred OTCBB companies are worth a hill of
beans….IMO I believe MRXT is that one out of one hundred that is
going to be worth a lot soon...this is just my personal opinion but I
hold 250k plus shares believing in my opinion. Eventually the shorts
will cover or continue to hold a deficit in their accounts.
Bottom line the current share price is very stable between .26
and .28, when a resolution is completed and announced look for a huge
spike in increased volume from retail investors along with a spike in
share price. At this time I would also expect the company to start
informing shareholders about what developments have taken place in
the last couple weeks. I would look for press releases as per old
press releases alluding to other developments to be announced.
Press Releases: finance.yahoo.com
My web site profile: willywizard.com
Good luck all longs and all perspective longs setting and watching
for news before you buy.
Have a great and safe holiday weekend!!
Thank you,
Hal aka WillyWizard
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