MKII Message Board - Msg: 7067546

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Microcap & Penny Stocks : MKII

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To: WEBNATURAL who wrote (113)	1/1/1999 9:30:00 PM
From: Elio Madama	Read Replies (2) of 834

This is my personal theory of why MKII declined so much in price in the last two months. We already know that two large shareholders sold millions of shares on November and December. It was because tax loss?.......we don't know by sure, but until somebody come with a better idea, we going to assume they sold because that. MKII claims they are healthy and with no economical problems. DECEMBER.....VOLUME...8.968.100 SHARES TRADED...AVERAGE..407.640. NOVEMBER.....VOLUME...6.757.500 SHARES TRADED...AVERAGE..337.875. On November price started at 0.38 and finished the month at 0.10. On December price started at 0.10 and went as low as 0.02..!!!!!!! I think there were not enough buyers for so many shares and MM's were force to buy them back. As MM's started to increase their inventory they started to come down on the price faster and faster. Nobody knows this small Co. even the thread is new and the header wrong. People was afraid to buy, thinking the company was going out of business. We already know that's not true. Elio....................................................more........

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