Telecon with MBTI CEO: found this on another board, appologize if it is repetitive........
I was tired of all the hype and rumors about this stock so I went to the source myself and did the research. I'd like to share a conversation I had with Andy McKinnon, CEO of MBTI.
Q. What is the breakdown of shares and have insiders been taking profits?
A. There are a total of 14 1/2 million shares for trading. Around 62% of the company is held by him (Andy McKinnon, CEO). 1
1/2 million shares are close friends and supporters who have helped him start the business 3-4 years ago. NONE of these shares
were sold. They all have signed a one year hold. WHY? because they are committed to making this work, we're in it for the long
term.
Q. Who are the analysts covering your stock?
A. Montgomery Nations Bank, Paine Weber, Morgan Stanley, Merrill Lynch, and a handful of others.
Q. When will horse.net be finalized
A. Depends a lot on the lawyers, but we could sign as early as today. That would be my goal but I never commit to anything I
can't keep so better safe to say Jan. 20th. (note: horsenet.com is a reputable, well-known company among the equistrian crowd).
Q. Rumors are floating that you will move from the OTC board to Nasdaq small cap, is that true?
A. That is the natural progression and we are qualified to do that. We have no dept and plenty of financial backing. We are in the process of going through an audit, either by Deloitte Touche or Aurthur Anderson) and we'll be able to determine a specific date when that will occur.
Q. Is the new website on schedule?
A. Yes, our webmaster will have a test for us to review tonight and it will be live next week just like we said. It will be under the same name as the current one, Agrimall.com. Check out our lifeathome.com site and you'll see some of the new designs we will be incorporating into Agrimall.com
Q. Why the big rise at the end of the year?
A. We've been getting a lot of notice because of our stock numbers. I get 50 calls a day from money makers. Day traders are
driving the stock up and selling off to make a quick buck.
Q. What does 99 hold?
I can say that 99 is very, very strong! For more information, the business plan is posted on the web site. A prospectus will not be available until they file for Nasdaq small cap market.
That's our conversation. Very down-to-earth man with a super idea in a niche market and a legit Internet business. |
