M N C S

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"am closin' monitorin' the stock [and my pos]"

I thought, by that that, you meant you were "closing" (i.e. stopping) your monitoring of the stock and "closing your trade. Sorry for the confusion.
 
Quote from ur2tuff4me:

"am closin' monitorin' the stock [and my pos]"

I thought, by that that, you meant you were "closing" (i.e. stopping) your monitoring of the stock and "closing your trade. Sorry for the confusion.
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000ps...my bad, i meant closely.
 
Article in Forbes:

http://www.forbes.com/free_forbes/2006/0904/038.html?partner=yahoomag

"...shares of Manchester Inc. (otcbb: MNCS.OB - news - people ) have risen 222% in the past 21 months to a recent $6.35, generating a $210 million market cap on paper. That looks fluffy for a young company with (a) few employees, (b) no revenues, (c) a negative net worth, (d) just $116,000 in the bank and (e) an abrupt change in business. After unsuccessfully trying to become a copper, nickel or platinum miner, Manchester last year rechristened itself a used-car dealer--but has yet to operate even a single lot. A Manchester official tells FORBES an acquisition is in the offing and investors see an "exceptional business opportunity.""
 
well, we knew that already didnt we...lookin' at the long term chart it seems this stocks has never had a down day since its ipo. i cant remember ever seen it down...worse that happened was a couple of months closin' unchanged when it was hangin' around $3; the ceo sure is a lucky sob...hes ownin' hundreds of thousands of shares bot in '04 when this sob was priced in low pennies.
 
Quote from Bitstream:

...the ceo sure is a lucky sob...hes ownin' hundreds of thousands of shares bot in '04 when this sob was priced in low pennies.
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I think not. The CEO is Norman Thoennes and according to the 8K filing of 3/17/06:

"Mr. Thoennes has been granted an option (the "Thoennes Option") to purchase 200,000 shares of the Company's common stock at an exercise price of $4.39 per share."
 
Quote from max401:

If you're talking about the former CEO, and apparently you are, yes, he has 115K and not "hundreds of thousands of shares." He paid out $2 per, not "when this sob was priced in low pennies."
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yes, u are right...i first posted hundreds of thousands because i didnt look at the next page where the first transaction took place and tought he bought as much as in the first. still, lookin' at the chart it seems [not clear tho] that the stock was tradin' well below $2 at the time of his first transaction, but still, the calculations dont add up since they are correct as u say if the stock was tradin' @2.

fair enough.



mncs chart 5years:

http://www.marketwatch.com/tools/qu...lavor=basic&origul=/tools/quotes/intchart.asp


stock ascent looks even more scary on this chart.
 
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