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Microcap & Penny Stocks : MMDI - Formerly MRI Medical Diagnostics -- Ignore unavailable to you. Want to Upgrade?


To: Jorjenzak who wrote (39)4/7/2000 12:53:00 PM
From: TallTrader  Respond to of 42
 
MMDI: update on shell
I spoke to Jason Sunstein (619-718-6370) this morning. Their attorney completed DD on two companies in Salt Lake City last week. They are looking to get letters of intent next week.

I added to my position yesterday and today. This stock moves on very little volume . . . it is very tight. If/when they get a reverse merger, it could move very well IMHO.

I show O/S of 8,600,657 (as of 1/19/2000) with insiders holding 6,067,443 or 70.54% of the outstanding. The float appears to be about 2,533,214.