quote:Originally posted by bilgert: It looks they've been diluting about 1 million shares approximately every 2 weeks. So I'm gonna contact them on 5/17. Here's my guess for the o/s and float that day: 5/17 Outstanding: 23,658,166 Restricted: 2,542,881 Float: 21,115,285 Authorized: 300,000,000
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diluting a bit, but still a really low float for it closing at .0012. The S-8 isn't outrageous, it was for services rendered, and my guess is that the volume this week was likely attributed to that.
We'll see what happens, but I think this one has a big run in it. Think XHUA...
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it will take time to find a new business plan
MotivNation an Orange County, California-based provider and manufacturer of "tools and toys for the automotive enthusiast," today announced to diversify its markets sector. The Company's principal operating subsidiary, TrixMotive, Inc., filed Chapter 7 bankruptcy.
George R. Lefevre, MotivNation CEO, commented, "In order to stabilize ongoing operations and protect the parent company from additional expenditures to keep MotivNation operational, the subsidiary filed for Chapter 7. Today is a new beginning in the process of shifting its operational focus and to diversify in our troubling sector. After evaluating our various business lines, we decided to take immediate steps to shut down money-losing operations and focus on developing positive cash flow business opportunities. The best course of action for MotivNation is to exit certain parts of its businesses and move in a new direction."
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This one is up a few ticks. For grins and a bit of gambling, bought some the other day. (not a keeper, just a flipper.) I'm green now. See what the next few days brings.
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Okay--moving because quarterly report out. O/S as of 8/12 is 40 million. 1.2 million in sales for 6 months ending 6/08... Wish I would have known this before I sold...GRRRR
Will probably continue upward trend in am. We'll see.
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