Hi Whitey.....A little something from the Guru:
I missed any US trades at .05. Did that really
happen? Very strange. What was the size? Yes
you can buy on one exchange and sell on
another of an interlisted stock.
The quiet 30 day period before BB listing is
supposed to soon be over. Everyone's patience
is wearing thin, but that is supposed to be the
next catalyst to drive volume and hopefully
price. I talked to Mr. Talbot yesterday and he
just got back from Anguilla and says the
audited statements are being prepared. This is
needed to go with this bb listing application.
As far as I know MRINF has met the
requirements for a bb listing so far in terms of
current bid/ask and volume etc. I believe
Meyerson as sponsoring agent has something
to do with the actual application, although they
have told me that it is the company that
actually files it. When submitted and approved
for bb trading, then other market makers are
supposed to jump on board and the US
promotion begins.
That's how I understand it. Then hopefully we
should start hearing about the new clinics,
chelation etc. with US buying expected. I'm not
impressed so far but not surprised either. I
have only won with patience as events with
any play never seem to unfold exactly as
expected. You have to be in and wait for it to
happen.
I remember FDCD this time last year, which I
owned for 8 months between .18 and .32, back
and forth many times. I bought in August
because of things that were supposed to
happen in Sept., Oct. and Nov. They didn't
happen for months later and every time it fell
back to .18 I questioned what was going and
whether I should hold on. I know of guys who
bought and dumped large positions on the same
thought process.
Anyway FDCD now SGMS did finally complete
their online gambling site and the stock broke
out over a one week period from the low .20's
to a high of .90's. Now SGMS is a dime and they
haven't released sales, earnings, traffic etc. I
still watch it but have resolved not to get back
in until this known because the play cycle has
changed from a new concept to proving they
can run a business.
MDRE has sales, profits and expansion plans as
we know. The concept has not been accepted
from an investment point yet. So far all we
have seen are short term impatient traders and
market makers flipping the stock for pennies.
It would only take a few US brokers or one big
hitter to like the story enough to take a
meaningful position to shake these guys out.
With the result being a drying up of the trading
resistence from these flippers. Then MRINF
could move up and stay up on news, and more
would particpate as a buy and hold. The flippers
would be there on the volume, but they would
ultimately miss the run. Nobody is smart
enough to time it perfectly. Hopefully it will
happen and if so I will be in.
That's the way I see MDRE, if I try and time it,
with my luck, at the time I'm out that's when it
will run. So I have to be in and when it runs I
will add more if I can catch it soon enough. |
