Hi Ken,
All I can offer would be my opinions of your questions. How much ex management and affiliates thereof are holding would only be known by them or possibly management. How many of those shares were issued under legitimate business transactions for the benefit of MPIX is also unknown. Obviously the old crew had to pay the utilities and reasonable salaries and expenses. I think the delays in getting out the financials and now the disclosure letter more than likely had everything to do with the activities of past management and repairing items that were being falsely reported. I believe it is clear that those entities/individuals have sold a lot of stock over the last many months. All one needs to do is check the trading volume, the increase in the OS and float from the time the increases occurred, and the logical conclusion would be that they sold almost daily. Another source of share selling could also very well have come from the darkside that shorts against the massive increase of the OS back in mid December. I do believe that any shares that the new management team believes were illegally issued are on the chopping block, and they are demanding return of those shares. In the filings that were issued on July 17, it was clear that management was demanding the return of 522+ mil shares. How many they will be able to recover is unknown to me. I'm hoping we will hear about the share reduction in short order since the Atty Disclosure Letter is now out. I found it interesting that a date of July 8 was included at the time of those share counts. Maybe some of those shares have already been recovered.
I haven't heard anything about the 400 mil common conversion to the preferred at all. So I have no idea whether that will still happen. My guess is if any of those shares are in question (see above) then there would be no way the new management team would reward those holding the commons to be converted into the preferred. Just my opinion, but I don't see that happening.
Until we hear more from the company, there's no way of knowing what the float might be today. One has to look at the way MPIX trades and the daily volume. I follow a lot of stocks. Most of the others that I watch, with similar share structures, trades 10s of millions per day. That's simply not the case with MPIX. I do believe there are a lot of shares in the float. Yet, because of the low daily volume, most of the float even, if it's as high as 1 billion, appears to be in very tight hands. Most of the larger shareholders that I know are investing because of the new T.E.A.M. management, their backgrounds, their contacts within the entertainment industry, and the large potential for profit once they begin to execute the business plan. I can't wait to see what they have waiting for us.
All I can offer would be my opinions of your questions. How much ex management and affiliates thereof are holding would only be known by them or possibly management. How many of those shares were issued under legitimate business transactions for the benefit of MPIX is also unknown. Obviously the old crew had to pay the utilities and reasonable salaries and expenses. I think the delays in getting out the financials and now the disclosure letter more than likely had everything to do with the activities of past management and repairing items that were being falsely reported. I believe it is clear that those entities/individuals have sold a lot of stock over the last many months. All one needs to do is check the trading volume, the increase in the OS and float from the time the increases occurred, and the logical conclusion would be that they sold almost daily. Another source of share selling could also very well have come from the darkside that shorts against the massive increase of the OS back in mid December. I do believe that any shares that the new management team believes were illegally issued are on the chopping block, and they are demanding return of those shares. In the filings that were issued on July 17, it was clear that management was demanding the return of 522+ mil shares. How many they will be able to recover is unknown to me. I'm hoping we will hear about the share reduction in short order since the Atty Disclosure Letter is now out. I found it interesting that a date of July 8 was included at the time of those share counts. Maybe some of those shares have already been recovered.
I haven't heard anything about the 400 mil common conversion to the preferred at all. So I have no idea whether that will still happen. My guess is if any of those shares are in question (see above) then there would be no way the new management team would reward those holding the commons to be converted into the preferred. Just my opinion, but I don't see that happening.
Until we hear more from the company, there's no way of knowing what the float might be today. One has to look at the way MPIX trades and the daily volume. I follow a lot of stocks. Most of the others that I watch, with similar share structures, trades 10s of millions per day. That's simply not the case with MPIX. I do believe there are a lot of shares in the float. Yet, because of the low daily volume, most of the float even, if it's as high as 1 billion, appears to be in very tight hands. Most of the larger shareholders that I know are investing because of the new T.E.A.M. management, their backgrounds, their contacts within the entertainment industry, and the large potential for profit once they begin to execute the business plan. I can't wait to see what they have waiting for us.
