I was asked to copy a post I made on another board

I was asked to copy a post I made on another board:


I have been speculating in penny stocks for more than 30 years. Some winners and some losers. You can throw out how many outstanding shares there are, how much revenue is being generated, and all the fundamentals when trying to come up with a penny stock's share price. The share price will move up on the story and potential of the company. Most are shooting stars that shine bright for a short time and then fade away.

MPIX is interesting. The last management team ran it like most penny stocks are run. Supposedly a great product but when unmasked, they had nothing. They hyped it for their own gain and left shareholders licking their wounds when the dilution began.

Yes, the new management has a shell of a company with over a billion shares outstanding. Whether you believe it or not, to their credit, they are working on reducing the number of shares. They have stripped out the last of the so called assets the previous management bragged about and are left with a relatively clean slate. I believe the new management sees the shell as an inexpensive way to start up a publicly traded company. They have their own ideas, contacts, and game plan on making MPIX a successful enterprise.

Hundreds of millions of shares have been purchased by everyday investors over the past several months. These individuals are not insiders but regular people who plan on giving the new management a chance. MPIX might as well change its name as it is not the same company it was a few months ago.

I do not have a crystal ball but if management delivers on just a few revenue producing events, share price will jump and percentage wise, jump nicely. Once revenue comes in, MPIX will become a viable company with more than a story. Eventually fundamentals will matter and we will then judge management on how they use those revenues. In the meantime, investors can take profits when they like and let the rest ride as they watch to see how the new management changes the direction of MPIX and does their best to make it a going concern.

Ken