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Micro Penny Stocks, Penny Stocks $0.10 & Under
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MOTG - Modern Technology Corp 300% increase in revenue growth
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[QUOTE]Originally posted by Stocktrader20: [QB] [QUOTE]Originally posted by Aldeberon: [qb] [QUOTE]Originally posted by Zosyn: [qb] posturing. they want more money from MOTG... [/qb][/QUOTE]I wish I could say I agree. But this is a large-scale move by Harvey. They are replacing the entire board with members of the investment team, leaving only the CEO and CFO. Additionally, the company is printing 1.7 million convertible shares for the investment team. It looks like Harvey has taken matters into their own hands. This does not, however, mean that they are going to get themselves above $1.00 long enough to remain listed. There is still room for MOTG here if the market does not react by blowing HRVE over a buck. This group of investors is planning on remodeling stores and building new ones. That takes time, which is something HRVE does not have. Anyone know how many more months HRVE has before getting delisted? Part of me thinks Harve's new investors are going to find their $4 million invested in an OTCBB very soon. They're going down, we're going up. [/qb][/QUOTE]HRVE will be delisted off the Nasdaq on June 19th I believe. And as for the announcement from HRVE yesterday, HRVE shareholders arent really in a better situation at all, they are just renovating their stores, not really adding any significant amount of revenue and HRVE will see significant dilution considering their current O/S count. After thinking about it, this might just workout for MOTG. BTW, Welch said yesterday, he viewed yesterdays announcement from HRVE as a positive... [/QB][/QUOTE]
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