I took a hit, to say the least, on this one. The company put out a release saying there was no material change to cause such a viciuos downturn in the share price of the company. It seems to me that the company is legitimate. They've got a $300 million rev line of credit,which they have already drawn down $25,000,000 of to secure and complete their first transaction.The purchase of Nice cars gives them a going concerne with last year revenues of $76,000,000 and its on track to do over a 110,000,000 in revenue this year. MNCS also, thru the puchase of nice cars acceptance corp, now has over $100,000,000 in recievables.This is what MNCS has already closed, done...ownes! Nice Cars will continue to add to MNCS bottom line for decades to come. They only have 33 mill shares outstanding. The company also said they are working to complete more acquisitions to continue to grow the business, and since the money is quite obviously available to them, I really don't see any reason to doubt them. The more I look, the more this company looks like its been another victim of a naked short campaign. When will the SEC step in and put a halt to this type of illegal shorting activity? I did see the article posted in a vancover newspaper,but from what I've read the writer never did any DD, and the article was riddled with inaccuracies,innuendo's and falsehoods. I said earlier and will say it again,I think this company is legitimate. MNCS say they're close to closing more announcements which most likely means more acquisitions, and growing the company substantially. Common sense says to hang on to your shares and see what the next few weeks bring.The first acquisition is very large and it is completed,I think there will be more to follow and soon. Don't be goaded into giving you shares away to the shorts.If you're long look at what your company already has and I'm sure you'll come to the conclusion that the current share valuation is just too low! Do some DD! GLTA
Only a dipshit like you would have held after thursdays selloff. The more you write, the more apparent it becomes that you have never made any money trading, and you never will. Since you are a failure at trading, here are some other career paths a person with your IQ and abilities should look into... http://www.saferoutesinfo.org/guide/crossing_guard/index.cfm http://www.mcdonalds.com/corp/career/hamburger_university.html http://www.dominos.com/Public-EN/Site+Content/Secondary/Join+Our+Team/ ROTFLMAO. You are my bitch!!
Nice analysis there. Be sure to buy more when it drop on monday since you think the market is irrational.
I was in MNCS since $3.98 a share, owned 5000 shares, I had a stop loss at $8.25, blew right by it on thursday morning when it gapped down, got out with 11K profit at $6.09..very happy with 11K, could have been worse.
For those that may have not noticed the obvious. We have two lowlife pumpers that would have cost you lots of money had you listened to them. I suggest you put them on perm ignore. We also have a rash of FIRST time posters posting trash about this scam and supposed profits. Guess who. Same old stuff. And it smells like it. In fact, the ops might want to check ip's , and see if terms of usage have not been violated.
Or maybe they just don't want to be stalked by you on other threads with your 2000 pixel wide graphics.
Yes mods, please check the ip addresses of the first time posters. I would not be surprised if one or more of them are stock777. He's a lonely internet troll with nothing else to do except continue his crusade of idiocy. Since he has been exposed as a failed trader and mocked by the rest of the members here, I think he started a few new handles just so he can keep trolling this thread.
Good point. Notice all three posts are made within 1 1/2 hours of each other. After he couldn't produce a "pumper," he created his own.