The good news: They where able to raise $20,000,000. Some investors still like the story enough to plunk that much cash into it. This amount of money will keep them busy for the next two years.
The bad news: Actual shareholders get diluted to the tune of 35%. That's big... Total shares o/s now, including the present share issue, is 270,000,000. With a share price of 0.30 you get a market cap of $80,000,000.
With the financing out of the way we may see an easing of the selling pressure wich has been responsible for the lousy performance of the stock in the last few months.
With some science and a bit of luck maybe, just maybe, this time around they'll be able to unlock the huge potential of the TBN property.
That's what make this play interesting. It's a long shot but if they hit, the payoff will also be eye popping.They have two years to execute. Good luck.
MMW is a stock to buy, to hold and forget about the daily and weekly noise. Definitly not a trading stock.
MMW Price at posting:
32.0¢ Sentiment: LT Buy Disclosure: Held
