I can understand everyone's problem, I have felt it myself as a big investor in MEGW and still am. I believe that MEGW will turn around. It started out as another hyped stock by the same promoters that did TACN, PWPH, and DCGR, they made money and us stock holders were left holding wallpaper. However, MEGW has survived these promoters and were bought out by a british company that seems to have their act together. Time will tell I am sure. TMEX I believe got in for pure hype and unfortunately, those that don't day trade a stock 20 times a day got burnt. MEGW is a long term hold, not a day trade. This is a good time to be a part of MEGW, the price is definitely right, and you'll be happy you remained a part of this one.
I have been disappointed that it's taking longer than expected to come around but after all they had faced a major loss in time fighting the old promoters who still wanted to make a fast buck. Trust me these guys don't own many more shares and they are out.
Here's their game, don't know where they are playing it now, but this is their game: They buy (or own a shell); they sell it to entrepreneurs who are excited about making money; in return they are given millions of shares. They push the stock, they sell their shares but keep pushing the stock, eventually, the stock fails and to save face the management sells back, or gives back, the shell. And the game continues. In Megaworld's case, these guys tried this ploy but management fought them and the promoters failed, as I hear it. Now Megaworld has the shell and they are trying to make the most of it, actually now since about March when the new British management took over. It's only been 6 months guys. You must give this company a chance. If not, go find something else to buy. I hear that Microsoft could be real cheap soon... |
