Ann: MLS Executes MoU with Nanhai Carbon for Lac Rainy Graphite, page-126

Mate it just a ' Rinse Repeat ' with these Guy's it would seem. I dumped awhile ago now. But it would seem that the 472447,725 shares which traded across both ASX and Chi-x ...more or less correlated with the 472 odd million sitting at .002 just yesterday. So they draw out ALL the weak hands by dumping over the top the SELL volumes which have pretty much remained unchanged so as to keep their priority at that price.

Now it seems they are re-loading at the Center Point pricing of .0025 and will transact at this price I would think until the long holders cotton onto it and dump again into .002....so on and so forth it will go until its at .001 BID and sellers then going through at .0015. Looks more like a ' Death Spiral ' to me with those creaming the Half PIP trade until its finally defunct with ZERO bids. It will take some time , but I reckon it will happen. Especially if they announce a consolidation at some point. And I can't see how they can really avoid one now.

So I reckon they will continue to ' Prop ' and put the ' Floor ' at .002 so they can continually exit at .0025. Now granted someone still has to buy it at .0025. But they know there is plenty of sucker types out there , and it's obviously first in best dressed when you're the seller at .0025.

That's just my thoughts on it anyway. Good Luck to all holders. My position wasn't that big so limited damage for me.