MPIX Daily Chart ~ 'W' Formation................

MPIX Daily Chart ~ 'W' Formation................

I was asked twice this week about the previously discussed 'W' formation and why I don't mention it anymore. It's still there.....in the past, though. Simply stated, the breakout that shareholders enjoyed in mid December, failed. The stock ran from a low of .0008 to a high of .02. The one and only reason the stock collapsed on Dec 18 was due to the unbelievable and shocking decision by old management to increase the OS by approx 700 mil that morning. Imo, had the share structure remained the same as on Dec 17, I believe the share price would be sitting near .05, or possibly higher, today. And even though the share structure on OTC Markets hasn't been updated since Jan 28, it wouldn't surprise me to see the float at or over 700 mil and the OS near 1.45 billion now. Someone has been selling for months. Whether a few shorting crews have shorted against that increase of the OS is unknown. But it should be obvious in looking at the volume sticks and the AD Line that those shares are being absorbed for months now. Not sure what might happen when management announces the reduction of approx 400 mil shares, but that should be great news for all long term shareholders as it would represent an increase of shareholder equity of almost 37%. When projects and events are produced, the revenues and profits will result in a higher EPS due to the lower share count. Once again, imo we are going to have a lot of fun and green as things evolve. This new team knows what they are doing. GLTA