You know how it goes with these rumors, some go bust, others run, but from what I gathered MCII is recently included in a vendors list and that news has not been announced yet. Apparently its an international vendor list. Could mean more sales and/or contract attached, or coming. The revenues are starting to go up, the nine months ended March 31 will be higher than the last 5 year Annual revenues. Not combined LOL but still a decent result. The first 3 Q's of a year are the ones where they make the most of their sales. The first Q is already passed and these results are coming. no huge amounts tho +- $100k for 2013, which ends in June. Don't think I'm sticking that long either, its more of a news play. And who knows, if the news is really good it might be worth to stick with it a while longer...
MCII is not a big company, by no means, yet there are several positives that makes me think she got legs, hopefully long ones LOL First they have a small SS with 96 mil OS, for a stock trading around 0.003 that is rather unusual. The Float is 56 mil, the rest is restricted. I've checked several Q's & K's and there is no misuse of the SS, the OS has been exactly the same for a full year, that ought to tell you something. The shares management holds can only be sold at 1 or 2% of the OS per Q, which is puny, so no danger from that angle. The same can be said of the liabilities, the current liabilities are around $20k and LT debt of $200k-something, with no immediate payment dues, so that looks OK too. Also no toxic debt, low operating & SG&A costs... not net positive yet but with revs of around $100k they will be soon. They were selling their products in the boating sector, and now expanded to bioremediation recently, so its possible that the news is related to that, I don't know. But what I do know is, when the news is good enough this stock will shoot to a penny in a heartbeat... or two three pennies and skip a beat LOL Really man, you can't go wrong with a few cheap ones around the 0.003 area.
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