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Gold/Mining/Energy : Markatech - MKD (VSE) -- Ignore unavailable to you. Want to Upgrade?


To: Ted Kosokowsky who wrote (211)4/16/1998 9:39:00 PM
From: ken alpous  Respond to of 416
 
Hi All, a long time owner and lurker of this company and thread.
Was there mention in the consolidation news regarding date?
Was there a set price or will it be the price at date of consolidation. I seem to remember .15 cents for some reason, was this the set price of consolidation?



To: Ted Kosokowsky who wrote (211)4/16/1998 11:25:00 PM
From: Robert J. Mifsud  Read Replies (3) | Respond to of 416
 
Ted, you have gone through great lengths to come up with an earnings model. However, I think you should be more concerned with the share price at this time. it is obvious to me that the company continues to control the share price.

First they did not want the share price to run until the proposed CD plan was approved. So when the share price ran to 0.22, on pure speculation, they sold shares into the market and knocked the price back down to 0.18. Then when the plan was close to being approved they knocked the price down to 0.15 so they can set their options. The press release was dated April 6 yet I didn't receive a copy until the 8th and even StockWatch did not have notification till the 8th. My guess is that the company did not want the news broadly publicized for what ever reasons. The trading, since the news release, has been rather curious. It appears to me that the company is still holding the price back. Who in their right mind would sell 2,000 shares at 0.15 knowing that the CD plant was a go and the previous trade was at 0.19?

I was very disappointed to learn of the rollback and I expressed my concern to the company. My experience with rollbacks is that they do nothing more than to give the share price more room to fall.

The company's position is that a rollback is necessary as no one is interested in doing a financing for a company sitting at 0.15. The reality is the share price could have easily gone to 0.30 before the release and we could possibly be sitting at 0.40 or more right now. Well above the proposed rollback price of 0.15. The key word as indicated in the release is PROPOSED rollback. This tells me that shareholder approval is required. I promise you they will not have my approval.

Recently another company GXR proposed a rollback that was turned down by the shareholders and justifiably so. I will do my part to see that the same will happen here.

I have been a long time shareholder and have supported the stock right up to the last release. The only winners here are the insiders and anyone who participates in the financing. The real losers are the shareholders who have held stock and supported the company for months and years.

I can't even hope to break even with the way management is controlling the share price.

RJM.