As I noted in an earlier post, I believe much of the
As I noted in an earlier post, I believe much of the selling is coming from the company and they may be working with the market makers to get the best possible price. The company's expenses have to be significant and share selling (shares they took back from other parties) is the only way to raise cash.
Victor and company have been extremely busy with meetings and setting up the infrastructure to service the deals. This all takes a lot of money. Besides keeping shareholders informed on what has been happening with all the deals in the works, I am also guessing Victor was hoping the press releases would create some enthusiasm and the company shares sold would be absorbed by shareholders at the best possible price so as few company shares as possible would have to be sold.
I would think the company would need to raise a few hundred thousand dollars to pay for all the expenses incurred. The very bright silver lining is that MPIX is close to seeing revenues come in and depending how great the revenues are, MPIX will not need to sell many more shares.
Again, these are just my thoughts but it seems to make sense. Many have added to their already substantial portfolio during the drop in share price. If revenues are substantial and more and more projects are announced, the share price will climb quickly.
For every $11 million or so in earnings and a conservative p/e, your share price on a fundamental basis would go up 1 cent. In reality, if the company starts to produce millions in revenue, psychology will take over and push the share price much higher as many new shareholders will want to get in as they see the management delivering. Since many of the shares are held by a relatively few, there will not be a lot of shares for new shareholders to bid for so the share price should jump and get ahead of itself. At that point, the share price will come down to more realistic levels as present shareholders start to sell and take their large profits.
That is what we are betting on right now. If Victor delivers, we will all see a large payday.
Ken
Mindpix Corporation (MPIX) Stock Research Links
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