Your exactly right, market cap market cap. If the market cap is 13 million, and shares issued is 54 million, share price is .24. As they have been doing in the recent past, when they issue 2 million more shares next week, the share price becomes 13 million divided by 56 million, or .23, then they issue more shares etc etc.
Past press release stated that they obtained 500,000 dollars and that this would get them into production. Millions of shares later, we are still not in production, and have diluted our share value tremendously. Hey guys, how about adhering to your fiduciary duties?????
Dont get me wrong, I have read research reports and have done lots of DD. The future of MDIN looks great. ITs just that management doesnt seem to care about the share price or informing MDIN shareholders as to developments of the company. Why??? its called fiduciary duty.
We were suppose to have been in production by the end of May, here we sit at the end of June, and we are not in production, or are we and we just dont know it? I dont know???? Who does know?????
Deals with DAY or others pending?? Who knows, we dont, only the shadow knows. They could simply make a statment that the company is looking into or evaluating strategic mergers/acquisitions.
As to why share price is low, we have heard shorters, low price of gold, and now they are blaming it on another company losing a legal battle??????? Truth of the matter is, the share price has gone down as they have been issuing millions and millions of new shares. Coincidence?????Hmmmmmmmm
Shake, your HMmmmmmmmmmm meter must be at an all time high.
MDIN, if ya got the goods, show em, if you dont..............
I am in no way short in this stock, and have not flipped a single share.........yet I may buy some mroe today, but man, am I getting frustrated. GG |
