The drop from .03 to .006 was addressed in a PR
www.businesswire.com/news/home/20111019005704/en/MC-Endeavors-Comments-Unusual-Stock-Trading-Activity
www.businesswire.com/news/home/20111019005704/en/MC-Endeavors-Comments-Unusual-Stock-Trading-Activity
Quote:October 19, 2011 08:08 AM Eastern Daylight Time
AUSTIN, Texas--(BUSINESS WIRE)--MC Endeavors, Inc. (PinkSheets: MSMY) has released the following comments on the unprecedented high trading volume in its common stock on Monday and Tuesday of this week.
Tim Algier, CEO stated, “MC Endeavors, Inc. has been receiving numerous phone calls with questions asking why we had this high volume and dip in stock price over the past two days. The company would like to address some of the prominent questions we have received with this press release and offer assurances to our shareholders and investors of our direction.”
We have not engaged in any toxic financing, i.e. death spiral financing, Regulation D Offering, convertible debt financing, or any other type of toxic financing at this time.
The shares structure stated in our Issuer Information Statement that was filed pursuant to PinkSheet Reporting Requirements is current and correct.
We are not now, nor have we in the past, engaged in the practice of pledging treasury shares with financial institutions, angel investors, or venture capitalists.
According to the records provided by the Depository Trust & Clearing Corporation (DTCC) it would appear that more than half the float traded on Monday and Tuesday. At this time we have no confirmed explanations for this volume. We intend to continue to investigate the reasons for this activity and we are in the process of exploring the issues known and yet to be discovered accordingly. If any illegal activity has taken place we will consider taking any actions our legal counsel advises us on. We hope this communication assists our shareholders and other investors with some of your concerns and questions.
Please know that MC Endeavors, Inc. is committed to moving forward and building shareholder equity as responsibly and quickly as possible. We will continue to focus on the building of this company and we intend to make every effort to update you concerning our achievements and progress.
MC Endeavors, Inc. (aka MCE)
International Smart-Grid Home Builder
Disaster Resistant Building Systems
Independent Self-Sustainable Community Developer
Green Master Planning – LEED Certified
Solar Energy & Wind Energy
Multi-Fuel Powered Generators
Oil & Sewer Digestion & Remediation Systems
Water Remediation & Retention Storage Systems
