re: Ann: Quarterly Activities and Quarterly C...
Cransy for once actually give us your opinion on what you think the changing words that keep coming from MMX mean.
To me what was said 18 months ago versus now are a world apart.
Institutions can get things wrong. Some of these paid as high as $5 plus a share. They do not have access to files in relation to this case and rely on what representations MMX made to them. (those that participated in insto placement at plus $5)
It now appears that MMX was relying on the word of Barnes and Grimaldi as that is their defence.
As Grimaldi's lawyer said at the March hearing according to the transcript the evidence presented did not look good for his client.
MMX price isnt crashing as it has a settlement factored into it. It should be a $5 plus stock with everything it has got going for it but it has to deal with its past.
Its like a trustee for two brothers using the trust funds of one to set up a deal exclusively for the other brother and themselves and profiting significantly.
Barnes and Grimaldi in controlling both MMX and CHM had a duty of care to both companies and the law does not allow directors to use their positions in a company to gain a benefit for themselves or another company.
MMX Price at posting:
$1.91 Sentiment: Buy Disclosure: Not Held
